Seadrill Limited (NYSE:SDRL) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 409.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,543 shares of the oil and gas company's stock after buying an additional 46,255 shares during the quarter. LPL Financial LLC owned about 0.08% of Seadrill worth $2,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC boosted its stake in shares of Seadrill by 43.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 255,333 shares of the oil and gas company's stock worth $9,940,000 after acquiring an additional 77,160 shares during the period. Principal Financial Group Inc. boosted its stake in Seadrill by 13.5% in the 4th quarter. Principal Financial Group Inc. now owns 46,803 shares of the oil and gas company's stock worth $1,822,000 after purchasing an additional 5,567 shares during the period. Rhumbline Advisers grew its holdings in Seadrill by 2.0% during the 4th quarter. Rhumbline Advisers now owns 103,205 shares of the oil and gas company's stock valued at $4,018,000 after buying an additional 2,050 shares in the last quarter. Hosking Partners LLP lifted its holdings in shares of Seadrill by 30.7% in the fourth quarter. Hosking Partners LLP now owns 523,816 shares of the oil and gas company's stock worth $20,392,000 after buying an additional 122,941 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Seadrill in the fourth quarter worth $556,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup decreased their price target on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. BWS Financial reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a research note on Monday, March 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $62.00.

Seadrill Trading Up 8.0 %

SDRL stock traded up $1.56 during midday trading on Friday, reaching $20.93. 1,187,581 shares of the company traded hands, compared to its average volume of 946,815. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 3.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. The business has a 50 day moving average of $24.62 and a 200-day moving average of $33.50. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last announced its earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $1.41. The business had revenue of $289.00 million for the quarter, compared to the consensus estimate of $299.50 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. As a group, sell-side analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

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.