Dimensional Fund Advisors LP Buys 384,471 Shares of Seadrill Limited (NYSE:SDRL)

Dimensional Fund Advisors LP raised its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 12.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,459,524 shares of the oil and gas company's stock after purchasing an additional 384,471 shares during the quarter. Dimensional Fund Advisors LP owned 4.69% of Seadrill worth $134,677,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SDRL. Summit Investment Advisors Inc. boosted its position in Seadrill by 4.7% during the 4th 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 period. PNC Financial Services Group Inc. increased its holdings in Seadrill by 10.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 354 shares during the period. Headlands Technologies LLC purchased a new position in Seadrill during the 4th quarter valued at about $28,000. Sterling Capital Management LLC lifted its holdings in Seadrill by 756.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after buying an additional 1,384 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Seadrill by 2.0% in the 4th quarter. Rhumbline Advisers now owns 103,205 shares of the oil and gas company's stock worth $4,018,000 after buying an additional 2,050 shares during the period. Institutional investors own 95.67% of the company's stock.

Seadrill Stock Up 6.0 %

NYSE:SDRL traded up $1.23 during trading hours on Thursday, reaching $21.77. 225,589 shares of the company traded hands, compared to its average volume of 952,130. Seadrill Limited has a 1 year low of $17.74 and a 1 year high of $56.46. The stock has a market capitalization of $1.35 billion, a P/E ratio of 3.81 and a beta of 1.41. The business's 50-day moving average price is $23.12 and its two-hundred day moving average price is $32.55. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $1.41. The company had revenue of $289.00 million for the quarter, compared to analysts' expectations of $299.50 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Analysts predict that Seadrill Limited will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.