Webs Creek Capital Management LP Has $34.73 Million Position in Seadrill Limited (NYSE:SDRL)

Webs Creek Capital Management LP grew its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 892,061 shares of the oil and gas company's stock after buying an additional 161,882 shares during the quarter. Seadrill makes up about 8.4% of Webs Creek Capital Management LP's investment portfolio, making the stock its 7th largest holding. Webs Creek Capital Management LP owned approximately 1.21% of Seadrill worth $34,728,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SDRL. Summit Investment Advisors Inc. lifted its holdings in Seadrill by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock worth $283,000 after purchasing an additional 325 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Seadrill by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after purchasing an additional 354 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Seadrill in the 4th quarter worth approximately $28,000. Sterling Capital Management LLC lifted its holdings in Seadrill by 756.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Seadrill by 2.0% in the 4th quarter. Rhumbline Advisers now owns 103,205 shares of the oil and gas company's stock worth $4,018,000 after purchasing an additional 2,050 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SDRL shares. Citigroup reduced their target price on Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. BWS Financial reaffirmed a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Seadrill presently has an average rating of "Buy" and a consensus price target of $62.00.

Seadrill Price Performance

NYSE:SDRL traded up $0.76 during trading hours on Tuesday, reaching $20.87. The company had a trading volume of 363,373 shares, compared to its average volume of 949,779. The firm has a market capitalization of $1.30 billion, a PE ratio of 3.63 and a beta of 1.41. The stock has a 50-day moving average of $23.53 and a two-hundred day moving average of $32.79. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21.

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