Seadrill Limited (NYSE:SDRL) Shares Acquired by Condire Management LP

Condire Management LP boosted its position in Seadrill Limited (NYSE:SDRL - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,039,615 shares of the oil and gas company's stock after buying an additional 467,623 shares during the quarter. Seadrill makes up about 17.1% of Condire Management LP's portfolio, making the stock its biggest position. Condire Management LP owned about 4.12% of Seadrill worth $118,332,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SDRL. JPMorgan Chase & Co. lifted its stake in Seadrill by 134.8% during the fourth quarter. JPMorgan Chase & Co. now owns 206,738 shares of the oil and gas company's stock worth $8,048,000 after purchasing an additional 118,699 shares during the last quarter. Third Point LLC acquired a new stake in shares of Seadrill during the fourth quarter worth $39,903,000. Vanguard Group Inc. lifted its stake in shares of Seadrill by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 540,864 shares of the oil and gas company's stock valued at $21,056,000 after purchasing an additional 16,230 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Seadrill during the 4th quarter worth approximately $3,652,000. Finally, Stifel Financial Corp boosted its position in shares of Seadrill by 129.7% during the 4th quarter. Stifel Financial Corp now owns 73,626 shares of the oil and gas company's stock worth $2,866,000 after purchasing an additional 41,578 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

SDRL has been the topic of several recent analyst reports. Citigroup dropped their price objective on 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 target on shares of Seadrill in a report on Monday, March 3rd. Finally, BTIG Research set a $28.00 target price on shares of Seadrill in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Seadrill presently has a consensus rating of "Buy" and an average target price of $55.20.

Seadrill Stock Up 0.5 %

Shares of SDRL stock traded up $0.12 during mid-day trading on Friday, hitting $23.93. The company's stock had a trading volume of 822,956 shares, compared to its average volume of 963,960. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 4.17 and a beta of 1.48. 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 price of $22.50 and a 200 day moving average price of $31.87. 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 posted its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $1.41. The firm had revenue of $289.00 million for the quarter, compared to analysts' expectations of $299.50 million. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. Research analysts predict that Seadrill Limited will post 1.86 EPS for the current fiscal 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.