25,000 Shares in Seadrill Limited (NYSE:SDRL) Acquired by Wexford Capital LP

Wexford Capital LP acquired a new stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,000 shares of the oil and gas company's stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDRL. Dimensional Fund Advisors LP increased its holdings in 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 valued at $134,677,000 after purchasing an additional 384,471 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in Seadrill by 10.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock valued at $133,498,000 after purchasing an additional 320,392 shares during the period. Condire Management LP increased its holdings in Seadrill by 18.2% during the 4th quarter. Condire Management LP now owns 3,039,615 shares of the oil and gas company's stock valued at $118,332,000 after purchasing an additional 467,623 shares during the period. BNP Paribas Financial Markets purchased a new position in Seadrill during the 4th quarter valued at about $66,400,000. Finally, Patient Capital Management LLC increased its holdings in Seadrill by 63.5% during the 4th quarter. Patient Capital Management LLC now owns 1,676,777 shares of the oil and gas company's stock valued at $65,277,000 after purchasing an additional 651,132 shares during the period. 95.67% of the stock is owned by institutional investors.

Seadrill Stock Up 1.2%

Seadrill stock traded up $0.28 during trading hours on Friday, hitting $23.10. 470,247 shares of the stock traded hands, compared to its average volume of 964,488. The firm's 50-day moving average price is $22.48 and its two-hundred day moving average price is $30.89. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.44 billion, a PE ratio of 4.03 and a beta of 1.48. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data 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 27.79% and a return on equity of 7.24%. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. On average, research analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a report on Tuesday, May 13th. Citigroup cut their price objective on Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, BTIG Research set a $28.00 price objective on Seadrill in a research report on Monday, May 5th.

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.