LPL Financial LLC Grows Holdings in Seadrill Limited $SDRL

Key Points

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LPL Financial LLC grew its position in Seadrill Limited (NYSE:SDRL - Free Report) by 73.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,062 shares of the oil and gas company's stock after acquiring an additional 42,519 shares during the quarter. LPL Financial LLC owned about 0.16% of Seadrill worth $2,502,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SDRL. Caldwell Sutter Capital Inc. acquired a new stake in Seadrill during the first quarter worth about $30,000. Farther Finance Advisors LLC grew its stake in shares of Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after buying an additional 1,288 shares during the period. Versant Capital Management Inc increased its holdings in shares of Seadrill by 412.2% during the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after buying an additional 1,084 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Seadrill by 756.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after buying an additional 1,384 shares during the period. Finally, CWM LLC raised its position in shares of Seadrill by 30.8% during the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after buying an additional 845 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BWS Financial reiterated a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research report on Tuesday, May 13th. Citigroup reiterated a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Seadrill in a report on Wednesday, June 18th. Zacks Research raised shares of Seadrill to a "strong sell" rating in a research report on Tuesday, August 12th. Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, BTIG Research set a $28.00 price objective on Seadrill in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.00.

Seadrill Stock Down 0.2%

Shares of NYSE SDRL traded down $0.0620 during mid-day trading on Thursday, reaching $29.1280. The company had a trading volume of 666,234 shares, compared to its average volume of 1,011,345. The firm has a 50 day simple moving average of $28.81 and a two-hundred day simple moving average of $26.21. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $44.74. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.81 billion, a P/E ratio of 26.01 and a beta of 1.61.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($1.36). The company had revenue of $377.00 million during the quarter, compared to analysts' expectations of $365.73 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. Sell-side analysts predict that Seadrill Limited will post 1.86 earnings per share for the current year.

Seadrill Company 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.