Interval Partners LP Boosts Stock Holdings in Seadrill Limited (NYSE:SDRL)

Interval Partners LP boosted its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 46.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,915 shares of the oil and gas company's stock after buying an additional 18,348 shares during the quarter. Interval Partners LP owned approximately 0.08% of Seadrill worth $2,255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in Seadrill during the 4th quarter worth $66,400,000. Third Point LLC purchased a new position in shares of Seadrill during the fourth quarter worth about $39,903,000. Norges Bank acquired a new stake in shares of Seadrill during the fourth quarter worth about $33,104,000. Condire Management LP lifted its holdings in shares of 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 purchasing an additional 467,623 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SDRL has been the topic of a number of research reports. BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a research note on Tuesday. BTIG Research set a $28.00 price objective on Seadrill in a report on Monday, May 5th. Finally, Citigroup cut their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $55.20.

Seadrill Stock Performance

SDRL traded down $0.27 on Thursday, hitting $24.88. 656,320 shares of the company traded hands, compared to its average volume of 966,054. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The company has a 50 day moving average of $22.55 and a 200-day moving average of $31.49. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock has a market capitalization 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). Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The company had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. Sell-side analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current 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.