Tejara Capital Ltd Grows Stock Holdings in Seadrill Limited $SDRL

Key Points

• Tejara Capital Ltd significantly increased its stake in Seadrill Limited by 415.9%, acquiring an additional 124,778 shares, bringing its total ownership to 154,778 shares valued at approximately $3.87 million.
• Several large investors, including BNP Paribas Financial Markets and Goehring & Rozencwajg Associates, added to their positions in Seadrill, indicating a strong interest as 95.67% of the stock is owned by institutional investors and hedge funds.
• Wall Street analysts have mixed ratings on Seadrill, with Citigroup maintaining a "buy" rating and setting a target price at $36.00, while Fearnley Fonds downgraded it to a "hold".

Tejara Capital Ltd increased its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 415.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,778 shares of the oil and gas company's stock after purchasing an additional 124,778 shares during the quarter. Seadrill accounts for 1.5% of Tejara Capital Ltd's portfolio, making the stock its 18th biggest holding. Tejara Capital Ltd owned about 0.25% of Seadrill worth $3,869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDRL. Caitong International Asset Management Co. Ltd grew its holdings in Seadrill by 254.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 813 shares during the period. Caldwell Sutter Capital Inc. bought a new position in shares of Seadrill in the first quarter worth about $30,000. Farther Finance Advisors LLC boosted its stake in shares of Seadrill by 10,733.3% in the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 1,288 shares during the period. Versant Capital Management Inc boosted its stake in shares of Seadrill by 412.2% in the first quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 1,084 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Seadrill by 756.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after acquiring an additional 1,384 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SDRL has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. BWS Financial reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research note on Tuesday, May 13th. Zacks Research upgraded Seadrill to a "strong sell" rating in a research report on Tuesday, August 12th. BTIG Research set a $28.00 price target on shares of Seadrill in a research note on Monday, May 5th. Finally, Fearnley Fonds lowered shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Seadrill currently has an average rating of "Hold" and an average price target of $48.00.

Seadrill Stock Up 1.6%

Shares of SDRL traded up $0.45 during mid-day trading on Friday, hitting $29.46. The company's stock had a trading volume of 1,008,525 shares, compared to its average volume of 841,207. The company's 50-day moving average is $28.72 and its 200-day moving average is $26.36. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $45.44. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 26.30 and a beta of 1.61. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.68) EPS for the quarter, missing the consensus estimate of $0.68 by ($1.36). The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $365.73 million. Seadrill had a return on equity of 1.58% and a net margin of 5.68%. On average, equities research analysts forecast that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Seadrill Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.