SIR Capital Management L.P. Buys New Position in Seadrill Limited (NYSE:SDRL)

SIR Capital Management L.P. acquired a new stake in Seadrill Limited (NYSE:SDRL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 290,719 shares of the oil and gas company's stock, valued at approximately $11,318,000. SIR Capital Management L.P. owned about 0.39% of Seadrill at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SDRL. Dimensional Fund Advisors LP grew its holdings in shares of Seadrill by 12.5% during 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 last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Seadrill by 10.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock valued at $133,498,000 after purchasing an additional 320,392 shares during the last quarter. Condire Management LP boosted its holdings in 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 worth $118,332,000 after buying an additional 467,623 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Seadrill in the fourth quarter valued at approximately $66,400,000. Finally, Patient Capital Management LLC boosted its holdings in shares of Seadrill by 63.5% in the 4th quarter. Patient Capital Management LLC now owns 1,676,777 shares of the oil and gas company's stock worth $65,277,000 after purchasing an additional 651,132 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

SDRL has been the topic of a number of analyst reports. BTIG Research set a $28.00 price objective on shares of Seadrill in a research report on Monday, May 5th. BWS Financial reiterated a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Finally, Citigroup dropped their price objective 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.

Seadrill Trading Down 1.0%

NYSE SDRL traded down $0.24 on Wednesday, hitting $23.55. 127,764 shares of the stock were exchanged, compared to its average volume of 959,390. The firm has a market capitalization of $1.47 billion, a P/E ratio of 4.11 and a beta of 1.48. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $56.46. The stock has a fifty day moving average price of $22.58 and a two-hundred day moving average price of $31.11. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53.

Seadrill (NYSE:SDRL - Get Free Report) last posted 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). The business had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Research analysts forecast 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.