Interval Partners LP Acquires 18,348 Shares of Seadrill Limited (NYSE:SDRL)

Interval Partners LP boosted its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,915 shares of the oil and gas company's stock after purchasing an additional 18,348 shares during the period. Interval Partners LP owned about 0.08% of Seadrill worth $2,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SDRL. Summit Investment Advisors Inc. increased its holdings in Seadrill by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock valued at $283,000 after buying an additional 325 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Seadrill by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after buying an additional 354 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Seadrill during the fourth quarter valued at approximately $28,000. Sterling Capital Management LLC increased 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 valued at $61,000 after buying an additional 1,384 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Seadrill by 2.0% during the fourth 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 during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on SDRL. BWS Financial reaffirmed a "buy" rating and set a $80.00 target price on shares of Seadrill in a report on Tuesday. Citigroup reduced their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Finally, BTIG Research set a $28.00 target price on shares of Seadrill in a report on Monday, May 5th.

Seadrill Price Performance

Shares of NYSE SDRL traded down $0.60 during midday trading on Friday, reaching $24.23. The stock had a trading volume of 368,929 shares, compared to its average volume of 965,326. The stock has a 50-day moving average of $22.59 and a 200-day moving average of $31.35. 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 company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 4.22 and a beta of 1.48. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $335.00 million during the quarter, compared to analysts' expectations of $325.69 million. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. As a group, research analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal year.

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.