Stifel Financial Corp Boosts Stock Holdings in Seadrill Limited (NYSE:SDRL)

Stifel Financial Corp boosted its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 129.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,626 shares of the oil and gas company's stock after purchasing an additional 41,578 shares during the quarter. Stifel Financial Corp owned about 0.10% of Seadrill worth $2,866,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Seadrill by 12.5% during the fourth 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 buying an additional 384,471 shares during the last quarter. Barclays PLC boosted its position in shares of Seadrill by 48.5% during the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock valued at $36,996,000 after acquiring an additional 303,839 shares during the last quarter. Norges Bank purchased a new position in shares of Seadrill in the fourth quarter valued at $33,104,000. Geode Capital Management LLC increased its position in Seadrill by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 833,388 shares of the oil and gas company's stock worth $32,444,000 after purchasing an additional 7,041 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Seadrill by 3.1% during the fourth 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 in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SDRL. Citigroup reduced their target price 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. BWS Financial reissued a "buy" rating and set a $80.00 price objective on shares of Seadrill in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $62.00.

Seadrill Price Performance

SDRL stock opened at $22.53 on Friday. 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 Limited has a 12 month low of $17.74 and a 12 month high of $56.46. The stock has a market cap of $1.40 billion, a PE ratio of 3.93 and a beta of 1.41. The company has a 50-day moving average price of $22.70 and a 200 day moving average price of $32.25.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.