Seadrill Limited $SDRL is Tejara Capital Ltd’s 10th Largest Position

Tejara Capital Ltd cut its holdings in Seadrill Limited (NYSE:SDRL) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,252 shares of the oil and gas company’s stock after selling 38,114 shares during the period. Seadrill accounts for 2.9% of Tejara Capital Ltd’s portfolio, making the stock its 10th largest holding. Tejara Capital Ltd owned 0.29% of Seadrill worth $5,536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SDRL. Raymond James Financial Inc. purchased a new stake in shares of Seadrill in the 2nd quarter worth $27,000. GAMMA Investing LLC grew its holdings in Seadrill by 319.3% during the second 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 period. EverSource Wealth Advisors LLC purchased a new stake in Seadrill in the second quarter worth about $42,000. Farther Finance Advisors LLC raised its stake in shares of Seadrill by 34.1% in the second quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock worth $46,000 after buying an additional 443 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Seadrill by 679.3% during the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 1,644 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SDRL shares. BWS Financial restated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd. Barclays raised their price objective on shares of Seadrill from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research note on Tuesday, November 4th. Citigroup lowered Seadrill from a “neutral” rating to a “sell” rating and cut their price target for the stock from $35.00 to $32.00 in a research note on Monday, January 12th. Finally, Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.60.

Seadrill Trading Down 0.5%

Shares of Seadrill stock opened at $38.48 on Friday. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $40.16. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $33.76 and a 200-day moving average price of $31.72. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 83.65 and a beta of 1.54.

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

About Seadrill

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.