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

Lloyd Harbor Capital Management LLC purchased a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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 holdings, making the stock its 7th biggest position. Lloyd Harbor Capital Management LLC owned approximately 0.27% of Seadrill at the end of the most recent quarter.

Several other large investors have also modified their holdings of SDRL. Headlands Technologies LLC bought a new stake in shares of Seadrill in the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC boosted its holdings in Seadrill by 756.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after buying an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Seadrill by 10.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after buying an additional 354 shares during the period. Crestline Management LP acquired a new position in Seadrill during the fourth quarter valued at $216,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Seadrill during the 4th quarter valued at $253,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Seadrill Stock Performance

Seadrill stock traded down $0.27 on Thursday, reaching $24.88. 656,320 shares of the stock were exchanged, compared to its average volume of 966,054. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $56.46. The firm has a fifty day moving average price of $22.55 and a two-hundred day moving average price of $31.49. The stock has a market cap of $1.55 billion, a PE ratio of 4.33 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). The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Sell-side analysts anticipate that Seadrill Limited will post 1.86 EPS for the current year.

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.