Fluent Financial LLC Acquires Shares of 68,218 Seadrill Limited $SDRL

Fluent Financial LLC acquired a new stake in Seadrill Limited (NYSE:SDRL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 68,218 shares of the oil and gas company’s stock, valued at approximately $2,360,000.

Several other large investors have also recently modified their holdings of the business. Schf GPE LLC purchased a new stake in Seadrill during the 2nd quarter worth about $60,132,000. Goehring & Rozencwajg Associates LLC grew its holdings in Seadrill by 0.7% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,695,114 shares of the oil and gas company’s stock valued at $51,209,000 after buying an additional 11,113 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Seadrill by 0.8% during the third quarter. BNP Paribas Financial Markets now owns 1,681,094 shares of the oil and gas company’s stock valued at $50,786,000 after buying an additional 13,481 shares during the period. American Century Companies Inc. lifted its holdings in shares of Seadrill by 64.4% in the third quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock worth $26,719,000 after buying an additional 346,409 shares in the last quarter. Finally, DNB Asset Management AS lifted its holdings in shares of Seadrill by 37.3% in the third quarter. DNB Asset Management AS now owns 815,644 shares of the oil and gas company’s stock worth $24,641,000 after buying an additional 221,388 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Stock Performance

NYSE:SDRL opened at $45.45 on Friday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -36.65 and a beta of 1.45. The business has a 50 day moving average of $41.89 and a 200 day moving average of $35.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $46.26.

Seadrill (NYSE:SDRL) last issued its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. On average, sell-side analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on SDRL shares. Citigroup upgraded shares of Seadrill from a “sell” rating to a “neutral” rating and increased their target price for the stock from $32.00 to $46.00 in a research note on Thursday, March 5th. Barclays upped their price target on shares of Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. BTIG Research lifted their price objective on Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 9th. BWS Financial reaffirmed a “buy” rating and issued a $80.00 price target on shares of Seadrill in a report on Friday, January 23rd. Finally, Zacks Research downgraded Seadrill from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.00.

Seadrill Company Profile

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.