Seadrill Limited (NYSE:SDRL) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,364 shares of the oil and gas company's stock after acquiring an additional 18,890 shares during the period. Northern Trust Corp owned approximately 0.60% of Seadrill worth $17,104,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SDRL. Norges Bank purchased a new position in Seadrill in the fourth quarter valued at about $33,104,000. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 384,471 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of 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 buying an additional 320,392 shares during the period. Barclays PLC boosted its stake in Seadrill by 48.5% in the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock worth $36,996,000 after purchasing an additional 303,839 shares during the period. Finally, Packer & Co Ltd bought a new position in shares of Seadrill during the 4th quarter worth approximately $9,619,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Price Performance

Shares of NYSE:SDRL traded down $0.12 during trading on Tuesday, hitting $23.74. 26,819 shares of the company's stock were exchanged, compared to its average volume of 959,783. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 4.13 and a beta of 1.48. The business's 50-day simple moving average is $22.58 and its 200 day simple moving average is $31.21. 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 52-week low of $17.74 and a 52-week high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last issued its earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share 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 firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. As a group, equities analysts predict that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SDRL. BTIG Research set a $28.00 target price on Seadrill in a report on Monday, May 5th. BWS Financial reiterated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, May 13th. Finally, Citigroup decreased their target price on Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th.

Seadrill Company 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.