Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys Shares of 40,245 Seadrill Limited $SDRL

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Seadrill Limited (NYSE:SDRL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 40,245 shares of the oil and gas company’s stock, valued at approximately $1,392,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Seadrill in the 2nd quarter valued at approximately $27,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill in the 3rd quarter valued at approximately $44,000. EverSource Wealth Advisors LLC purchased a new position in shares of Seadrill in the 2nd quarter valued at approximately $42,000. CIBC Private Wealth Group LLC purchased a new position in shares of Seadrill in the 3rd quarter valued at approximately $61,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Seadrill in the 3rd quarter valued at approximately $68,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on SDRL shares. BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a report on Tuesday, April 7th. BTIG Research raised their price target on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, April 17th. Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Citigroup raised their price target on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Seadrill Stock Performance

Shares of SDRL stock opened at $51.62 on Friday. The stock has a fifty day moving average price of $47.39 and a 200 day moving average price of $39.81. The stock has a market cap of $3.23 billion, a PE ratio of -46.09 and a beta of 1.25. Seadrill Limited has a 1 year low of $22.30 and a 1 year high of $55.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94.

Seadrill (NYSE:SDRL) last issued its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $358.00 million for the quarter, compared to analyst estimates of $326.75 million. Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%. Sell-side analysts forecast that Seadrill Limited will post 0.04 earnings per share 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.