Systematic Financial Management LP Has $17.57 Million Position in Seadrill Limited (NYSE:SDRL)

Systematic Financial Management LP increased its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 451,265 shares of the oil and gas company's stock after buying an additional 73,546 shares during the quarter. Systematic Financial Management LP owned about 0.61% of Seadrill worth $17,568,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SDRL. BNP Paribas Financial Markets purchased a new position in Seadrill in the fourth quarter valued at $66,400,000. Third Point LLC acquired a new stake in Seadrill in the fourth quarter valued at about $39,903,000. Norges Bank acquired a new stake in shares of Seadrill during the 4th quarter valued at approximately $33,104,000. Millennium Management LLC lifted its position in shares of Seadrill by 100.9% during the 4th quarter. Millennium Management LLC now owns 1,320,640 shares of the oil and gas company's stock valued at $51,413,000 after acquiring an additional 663,362 shares during the period. Finally, Patient Capital Management LLC increased its stake in shares of Seadrill by 63.5% during 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. Hedge funds and other institutional investors own 95.67% of the company's stock.

Seadrill Stock Performance

NYSE SDRL traded down $0.46 on Thursday, hitting $22.79. The stock had a trading volume of 360,693 shares, compared to its average volume of 960,723. The company's 50-day moving average is $22.55 and its two-hundred day moving average is $31.00. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 3.96 and a beta of 1.48. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.48). The company 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%. On average, analysts expect that Seadrill Limited will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on SDRL. BWS Financial reaffirmed a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Citigroup decreased their price target 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. Finally, BTIG Research set a $28.00 price target on shares of Seadrill in a report on Monday, May 5th.

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.