Fosun International Ltd acquired a new stake in shares of Seadrill Ltd (NYSE:SDRL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 232,606 shares of the oil and gas company’s stock, valued at approximately $5,764,000.

A number of other hedge funds have also modified their holdings of SDRL. California Public Employees Retirement System purchased a new position in Seadrill during the first quarter valued at approximately $169,000. Cullen Frost Bankers Inc. increased its holdings in Seadrill by 146.9% during the third quarter. Cullen Frost Bankers Inc. now owns 33,446 shares of the oil and gas company’s stock valued at $829,000 after buying an additional 19,898 shares during the period. City Financial Investment Co Ltd purchased a new position in Seadrill during the third quarter valued at approximately $6,001,000. Folketrygdfondet purchased a new position in Seadrill during the third quarter valued at approximately $6,307,000. Finally, JPMorgan Chase & Co. increased its holdings in Seadrill by 34.0% during the third quarter. JPMorgan Chase & Co. now owns 347,008 shares of the oil and gas company’s stock valued at $8,599,000 after buying an additional 87,992 shares during the period. 0.93% of the stock is currently owned by institutional investors.

NYSE SDRL opened at $16.75 on Monday. Seadrill Ltd has a 12-month low of $15.76 and a 12-month high of $26.72.

Separately, BTIG Research assumed coverage on shares of Seadrill in a report on Wednesday, October 24th. They set a “buy” rating on the stock.

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About Seadrill

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment offers drilling, completion, and maintenance services for offshore exploration and production wells.

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Want to see what other hedge funds are holding SDRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seadrill Ltd (NYSE:SDRL).

Institutional Ownership by Quarter for Seadrill (NYSE:SDRL)

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