Kettle Hill Capital Management LLC Takes Position in Seadrill Limited (NYSE:SDRL)

Kettle Hill Capital Management LLC bought a new position in Seadrill Limited (NYSE:SDRL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 168,134 shares of the oil and gas company's stock, valued at approximately $6,545,000. Seadrill makes up about 1.4% of Kettle Hill Capital Management LLC's holdings, making the stock its 23rd largest holding. Kettle Hill Capital Management LLC owned about 0.23% of Seadrill at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Seadrill by 134.8% in the 4th quarter. JPMorgan Chase & Co. now owns 206,738 shares of the oil and gas company's stock worth $8,048,000 after purchasing an additional 118,699 shares during the last quarter. Third Point LLC bought a new position in shares of Seadrill in the 4th quarter worth $39,903,000. Vanguard Group Inc. lifted its holdings in Seadrill by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 540,864 shares of the oil and gas company's stock worth $21,056,000 after acquiring an additional 16,230 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Seadrill during the fourth quarter worth about $3,652,000. Finally, Stifel Financial Corp lifted its holdings in Seadrill by 129.7% during the fourth quarter. Stifel Financial Corp now owns 73,626 shares of the oil and gas company's stock worth $2,866,000 after acquiring an additional 41,578 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Price Performance

Shares of SDRL stock traded up $0.59 on Wednesday, hitting $25.28. 1,093,416 shares of the company's stock were exchanged, compared to its average volume of 967,293. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $56.46. The stock has a market cap of $1.57 billion, a P/E ratio of 4.40 and a beta of 1.48. The company has a 50 day moving average of $22.55 and a 200 day moving average of $31.49.

Seadrill (NYSE:SDRL - Get Free Report) last announced 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 return on equity of 7.24% and a net margin of 27.79%. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. On average, equities research analysts predict that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup dropped their price target on Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. BTIG Research set a $28.00 price target on Seadrill in a research report on Monday, May 5th. Finally, BWS Financial reissued a "buy" rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $55.20.

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.