Lloyd Harbor Capital Management LLC Invests $7.79 Million in Seadrill Limited (NYSE:SDRL)

Lloyd Harbor Capital Management LLC bought a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the oil and gas company's stock, valued at approximately $7,786,000. Seadrill accounts for 5.1% of Lloyd Harbor Capital Management LLC's portfolio, making the stock its 7th largest position. Lloyd Harbor Capital Management LLC owned about 0.27% of Seadrill at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SDRL. Dimensional Fund Advisors LP lifted its position in Seadrill by 12.5% in 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 acquiring an additional 384,471 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Seadrill by 10.3% in 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 acquiring an additional 320,392 shares in the last quarter. Condire Management LP lifted its position in Seadrill by 18.2% in 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 acquiring an additional 467,623 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Seadrill in the 4th quarter valued at approximately $66,400,000. Finally, Third Point LLC bought a new position in Seadrill in the 4th quarter valued at approximately $39,903,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Seadrill Stock Performance

Shares of NYSE SDRL traded down $0.60 during midday trading on Friday, hitting $24.23. 368,929 shares of the stock traded hands, compared to its average volume of 965,326. The firm has a 50-day moving average of $22.59 and a two-hundred day moving average of $31.35. The firm has a market capitalization of $1.51 billion, a P/E ratio of 4.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. 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 released its quarterly earnings results 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). The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. On average, equities analysts forecast that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

SDRL has been the topic of several analyst reports. BTIG Research set a $28.00 price objective on Seadrill in a research report on Monday, May 5th. BWS Financial reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research report on Tuesday. Finally, Citigroup lowered their price target on Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th.

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.