Systematic Financial Management LP Purchases 73,546 Shares of Seadrill Limited (NYSE:SDRL)

Systematic Financial Management LP boosted its position in Seadrill Limited (NYSE:SDRL - Free Report) by 19.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 451,265 shares of the oil and gas company's stock after purchasing an additional 73,546 shares during the period. Systematic Financial Management LP owned about 0.61% of Seadrill worth $17,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SDRL. Sagefield Capital LP boosted its stake in shares of Seadrill by 33.8% in the 4th quarter. Sagefield Capital LP now owns 223,793 shares of the oil and gas company's stock worth $8,712,000 after buying an additional 56,584 shares during the last quarter. SIR Capital Management L.P. purchased a new position in Seadrill in the fourth quarter worth $11,318,000. ProShare Advisors LLC grew its stake in Seadrill by 51.1% in the 4th quarter. ProShare Advisors LLC now owns 19,564 shares of the oil and gas company's stock valued at $762,000 after purchasing an additional 6,612 shares during the period. Patient Capital Management LLC increased its position 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 valued at $65,277,000 after purchasing an additional 651,132 shares during the last quarter. Finally, Nokomis Capital L.L.C. raised its stake in shares of Seadrill by 10.3% during the 4th quarter. Nokomis Capital L.L.C. now owns 275,066 shares of the oil and gas company's stock worth $10,708,000 after purchasing an additional 25,762 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th. Citigroup dropped their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a research note on Tuesday, May 13th.

Seadrill Stock Performance

Shares of SDRL stock traded down $0.07 on Tuesday, hitting $23.79. 372,649 shares of the stock were exchanged, compared to its average volume of 962,677. The firm's 50 day moving average is $22.58 and its two-hundred day moving average is $31.11. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46. The firm has a market capitalization of $1.48 billion, a PE ratio of 4.14 and a beta of 1.48. 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 released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Sell-side analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

About Seadrill

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.