Wealth Enhancement Advisory Services LLC Invests $498,000 in Seadrill Limited $SDRL

Key Points

• Wealth Enhancement Advisory Services LLC invested approximately $498,000 in Seadrill Limited by acquiring 17,120 shares during the second quarter.
• Seadrill has a current market capitalization of $1.96 billion and reported disappointing earnings, missing the consensus estimate of earnings per share by $1.36.
• The stock currently holds an average rating of "Hold" with a consensus target price of $45.25 after recent adjustments from various financial analysts.

Wealth Enhancement Advisory Services LLC bought a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,120 shares of the oil and gas company's stock, valued at approximately $498,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Seadrill by 254.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock valued at $28,000 after buying an additional 813 shares in the last quarter. Caldwell Sutter Capital Inc. purchased a new position in Seadrill during the 1st quarter valued at about $30,000. Farther Finance Advisors LLC boosted its holdings in Seadrill by 10,733.3% during 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 acquiring an additional 1,288 shares during the period. CWM LLC grew its position in Seadrill by 30.8% in the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after acquiring an additional 845 shares in the last quarter. Finally, State of Wyoming increased its stake in Seadrill by 9.8% during the first quarter. State of Wyoming now owns 5,162 shares of the oil and gas company's stock worth $129,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Seadrill Stock Up 0.9%

Shares of NYSE SDRL opened at $31.48 on Monday. The business has a 50-day moving average of $30.95 and a two-hundred day moving average of $26.97. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 28.11 and a beta of 1.58. Seadrill Limited has a 1 year low of $17.74 and a 1 year high of $42.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.87 and a quick ratio of 1.87.

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 business had revenue of $377.00 million for 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, analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. SEB Equity Research set a $33.00 price objective on shares of Seadrill in a research note on Monday, September 1st. Zacks Research raised shares of Seadrill to a "strong sell" rating in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Seadrill in a research report on Saturday, September 27th. Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Citigroup boosted their target price on Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Seadrill presently has an average rating of "Hold" and a consensus target price of $45.25.

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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