Systematic Financial Management LP Purchases 23,135 Shares of Seadrill Limited $SDRL

Key Points

• Systematic Financial Management LP increased its stake in Seadrill Limited by 5.1%, acquiring an additional 23,135 shares, bringing its total holdings to 474,400 shares valued at approximately $11.86 million.
• Seadrill's stock is currently trading at around $31.24, with a twelve-month range between $17.74 and $44.74, alongside a market capitalization of $1.94 billion.
• Recent earnings data indicated Seadrill reported a loss of ($0.68) per share, significantly missing analysts' expectations, while revenue stood at $377 million, exceeding estimates.

Systematic Financial Management LP grew its position in Seadrill Limited (NYSE:SDRL - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,400 shares of the oil and gas company's stock after acquiring an additional 23,135 shares during the period. Systematic Financial Management LP owned about 0.76% of Seadrill worth $11,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SDRL. Wells Fargo & Company MN lifted its stake in shares of Seadrill by 34.9% during the 4th quarter. Wells Fargo & Company MN now owns 38,325 shares of the oil and gas company's stock worth $1,492,000 after buying an additional 9,914 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Seadrill by 12.6% during the 4th quarter. Invesco Ltd. now owns 53,847 shares of the oil and gas company's stock worth $2,096,000 after buying an additional 6,015 shares during the last quarter. Mariner LLC lifted its stake in shares of Seadrill by 32.3% during the 4th quarter. Mariner LLC now owns 8,458 shares of the oil and gas company's stock worth $329,000 after buying an additional 2,063 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Seadrill by 64.9% during the 4th quarter. Guggenheim Capital LLC now owns 13,230 shares of the oil and gas company's stock worth $515,000 after buying an additional 5,206 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Seadrill by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company's stock worth $134,677,000 after buying an additional 384,471 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Seadrill Price Performance

Shares of Seadrill stock opened at $31.2380 on Friday. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $44.74. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $28.86 and a two-hundred day simple moving average of $26.21. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 27.89 and a beta of 1.61.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of $0.68 by ($1.36). Seadrill had a return on equity of 1.58% and a net margin of 5.68%.The business had revenue of $377.00 million during the quarter, compared to analyst estimates of $365.73 million. Analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BTIG Research set a $28.00 target price on shares of Seadrill in a research note on Monday, May 5th. BWS Financial restated a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Zacks Research upgraded shares of Seadrill to a "strong sell" rating in a research note on Tuesday, August 12th. Citigroup restated a "buy" rating and set a $36.00 target price (up previously from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. Finally, Fearnley Fonds cut shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. 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 stock. According to data from MarketBeat.com, Seadrill has a consensus rating of "Hold" and an average price target of $48.00.

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.

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