Systematic Financial Management LP Has $11.86 Million Stake in 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 boosted its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,400 shares of the oil and gas company's stock after buying an additional 23,135 shares during the quarter. Systematic Financial Management LP owned 0.76% of Seadrill worth $11,860,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SDRL. Ameriprise Financial Inc. acquired a new position in shares of Seadrill during the 4th quarter worth $409,000. Exchange Traded Concepts LLC increased its stake in shares of Seadrill by 547.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company's stock valued at $390,000 after acquiring an additional 13,204 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Seadrill during the 1st quarter valued at about $1,491,000. Monaco Asset Management SAM acquired a new position in shares of Seadrill during the 1st quarter valued at about $5,000,000. Finally, Truffle Hound Capital LLC acquired a new position in shares of Seadrill during the 1st quarter valued at about $1,500,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Stock Performance

Shares of SDRL stock traded up $0.18 on Friday, hitting $31.88. 113,583 shares of the stock traded hands, compared to its average volume of 999,507. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $1.98 billion, a PE ratio of 28.46 and a beta of 1.61. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $43.76. The company's fifty day moving average is $29.09 and its 200 day moving average is $26.12.

Seadrill (NYSE:SDRL - Get Free Report) last issued its earnings results 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). The company had revenue of $377.00 million during the quarter, compared to analyst estimates 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 predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Seadrill

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.