Virtu Financial LLC Purchases New Holdings in Seadrill Limited (NYSE:SDRL)

Key Points

• Virtu Financial LLC has acquired a new stake in Seadrill Limited, purchasing over 12,500 shares worth approximately $314,000.
• Institutional investors own 95.67% of Seadrill's stock, with notable stakes increased by Wells Fargo, Russell Investments, and Sterling Capital Management.
• Seadrill has recently experienced mixed analyst ratings, with one firm upgrading to a "strong sell," while others maintain "buy" ratings, reflecting diverging outlooks on the company.

Virtu Financial LLC purchased a new stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,563 shares of the oil and gas company's stock, valued at approximately $314,000.

Several other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Seadrill by 34.9% in the fourth quarter. Wells Fargo & Company MN now owns 38,325 shares of the oil and gas company's stock valued at $1,492,000 after buying an additional 9,914 shares during the period. Russell Investments Group Ltd. raised its stake in Seadrill by 37.7% in the fourth quarter. Russell Investments Group Ltd. now owns 26,813 shares of the oil and gas company's stock valued at $1,044,000 after buying an additional 7,340 shares during the period. Invesco Ltd. raised its stake in Seadrill by 12.6% in the fourth quarter. Invesco Ltd. now owns 53,847 shares of the oil and gas company's stock valued at $2,096,000 after buying an additional 6,015 shares during the period. Sterling Capital Management LLC raised its stake in 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 valued at $61,000 after buying an additional 1,384 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in Seadrill in the fourth quarter valued at approximately $4,458,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on SDRL. Zacks Research upgraded Seadrill to a "strong sell" rating in a research note on Tuesday. Citigroup restated 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. Fearnley Fonds lowered Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. BWS Financial reiterated a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Finally, BTIG Research set a $28.00 target price on Seadrill in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Seadrill currently has an average rating of "Hold" and an average price target of $48.00.

Seadrill Price Performance

Shares of NYSE SDRL opened at $29.46 on Friday. The firm has a market cap of $1.83 billion, a P/E 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 Limited has a 1-year low of $17.74 and a 1-year high of $45.44. The business's 50 day moving average is $28.72 and its 200-day moving average is $26.50.

Seadrill (NYSE:SDRL - Get Free Report) last announced its 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 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%. Equities research analysts predict that Seadrill Limited will post 1.86 earnings per share for the current 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.

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