Swiss National Bank Acquires Shares of 112,800 Seadrill Limited $SDRL

Swiss National Bank bought a new stake in Seadrill Limited (NYSE:SDRL) in the second quarter, Holdings Channel reports. The institutional investor bought 112,800 shares of the oil and gas company’s stock, valued at approximately $2,961,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its position in Seadrill by 254.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 813 shares during the period. GAMMA Investing LLC grew its stake in shares of Seadrill by 319.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 942 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Seadrill by 34.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 443 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Seadrill by 679.3% in the second quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 1,644 shares during the period. Finally, State of Wyoming raised its stake in shares of Seadrill by 9.8% during the first quarter. State of Wyoming now owns 5,162 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Seadrill in a research report on Wednesday, October 8th. Zacks Research cut shares of Seadrill from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. BWS Financial reaffirmed a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, November 11th. SEB Equity Research set a $33.00 price target on shares of Seadrill in a report on Monday, September 1st. Finally, Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.00.

Seadrill Trading Down 0.7%

Shares of Seadrill stock opened at $32.54 on Friday. The company has a 50-day moving average of $30.65 and a two-hundred day moving average of $29.51. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $41.25. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.03 billion, a PE ratio of 70.74 and a beta of 1.59.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.43). Seadrill had a return on equity of 0.10% and a net margin of 2.49%.The firm had revenue of $363.00 million during the quarter, compared to analyst estimates of $343.56 million. On average, research analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal 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.