Wexford Capital LP Makes New Investment in Seadrill Limited (NYSE:SDRL)

Wexford Capital LP bought a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25,000 shares of the oil and gas company's stock, valued at approximately $973,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in Seadrill during the 4th quarter worth approximately $3,642,000. Thomist Capital Management LP grew its holdings in Seadrill by 60.8% during the 4th quarter. Thomist Capital Management LP now owns 700,448 shares of the oil and gas company's stock worth $26,862,000 after acquiring an additional 264,828 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Seadrill by 19.5% in the 4th quarter. Systematic Financial Management LP now owns 451,265 shares of the oil and gas company's stock worth $17,568,000 after purchasing an additional 73,546 shares during the period. Sagefield Capital LP boosted its stake in shares of Seadrill by 33.8% in the 4th quarter. Sagefield Capital LP now owns 223,793 shares of the oil and gas company's stock valued at $8,712,000 after purchasing an additional 56,584 shares during the last quarter. Finally, SIR Capital Management L.P. acquired a new stake in shares of Seadrill during the fourth quarter worth $11,318,000. 95.67% of the stock is owned by institutional investors.

Seadrill Stock Down 2.4%

Seadrill stock opened at $24.23 on Monday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The firm's fifty day moving average is $22.59 and its 200 day moving average is $31.31. The company has a market capitalization of $1.51 billion, a PE ratio of 4.22 and a beta of 1.48.

Seadrill (NYSE:SDRL - Get Free Report) last released its earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The company had revenue of $335.00 million for the quarter, compared to analyst estimates of $325.69 million. As a group, sell-side analysts predict that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SDRL has been the subject of a number of analyst reports. BTIG Research set a $28.00 target price on shares of Seadrill in a research note on Monday, May 5th. Citigroup lowered their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Finally, BWS Financial reissued a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th.

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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