Truffle Hound Capital LLC Invests $1.50 Million in Seadrill Limited (NYSE:SDRL)

Key Points

• Truffle Hound Capital LLC has invested $1.5 million in Seadrill Limited, acquiring 60,000 shares and owning approximately 0.10% of the company after the most recent quarter.
• Seadrill's stock performance shows a current price of $27.79, with a market cap of $1.73 billion and a PE ratio of 5.25.
• Analysts have varying opinions on Seadrill, with a consensus rating of "Moderate Buy" and an average target price of $51.00, reflecting a mix of buy and hold ratings.

Truffle Hound Capital LLC acquired a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 60,000 shares of the oil and gas company's stock, valued at approximately $1,500,000. Truffle Hound Capital LLC owned approximately 0.10% of Seadrill at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Monaco Asset Management SAM purchased a new stake in shares of Seadrill during the first quarter worth $5,000,000. XTX Topco Ltd increased its holdings in Seadrill by 232.2% in the first quarter. XTX Topco Ltd now owns 17,741 shares of the oil and gas company's stock valued at $444,000 after buying an additional 12,401 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Seadrill in the first quarter valued at $1,491,000. LPL Financial LLC increased its holdings in Seadrill by 73.9% in the first quarter. LPL Financial LLC now owns 100,062 shares of the oil and gas company's stock valued at $2,502,000 after buying an additional 42,519 shares during the last quarter. Finally, CWM LLC increased its holdings in Seadrill by 30.8% in the first 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 last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Stock Up 3.7%

Shares of NYSE:SDRL traded up $1.05 during midday trading on Tuesday, hitting $29.09. 627,000 shares of the company's stock traded hands, compared to its average volume of 1,014,907. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $1.81 billion, a PE ratio of 5.49 and a beta of 1.61. The firm's fifty day moving average price is $27.84 and its two-hundred day moving average price is $26.88. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $47.10.

Seadrill (NYSE:SDRL - Get Free Report) last posted its earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.48). Seadrill had a net margin of 27.49% and a return on equity of 4.68%. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $325.69 million. On average, equities research analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on SDRL shares. Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. BTIG Research set a $28.00 target price on shares of Seadrill in a research note on Monday, May 5th. Citigroup reissued a "buy" rating and issued a $36.00 price objective (up from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. Finally, BWS Financial restated a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Seadrill presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

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.