SIR Capital Management L.P. Invests $11.32 Million in Seadrill Limited (NYSE:SDRL)

SIR Capital Management L.P. purchased a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 290,719 shares of the oil and gas company's stock, valued at approximately $11,318,000. SIR Capital Management L.P. owned approximately 0.39% of Seadrill at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in Seadrill by 48.5% during the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock worth $36,996,000 after acquiring an additional 303,839 shares during the period. Franklin Resources Inc. bought a new position in shares of Seadrill during the third quarter worth $2,488,000. JPMorgan Chase & Co. boosted its position in shares of Seadrill by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 88,039 shares of the oil and gas company's stock worth $3,499,000 after purchasing an additional 17,955 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Seadrill by 261.5% during the fourth quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company's stock worth $3,502,000 after purchasing an additional 65,078 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Seadrill during the fourth quarter worth $517,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SDRL shares. BWS Financial reissued a "buy" rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th. BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th. Finally, 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.

Seadrill Stock Down 1.6%

NYSE:SDRL traded down $0.39 on Monday, hitting $23.82. 501,212 shares of the company's stock were exchanged, compared to its average volume of 963,470. The firm has a 50-day moving average price of $22.58 and a 200-day moving average price of $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. The company has a market cap of $1.48 billion, a P/E ratio of 4.15 and a beta of 1.48.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. As a group, analysts expect 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.