Quantbot Technologies LP Takes $758,000 Position in Seadrill Limited $SDRL

Quantbot Technologies LP bought a new position in shares of Seadrill Limited (NYSE:SDRL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,083 shares of the oil and gas company’s stock, valued at approximately $758,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Schf GPE LLC acquired a new position in shares of Seadrill during the 2nd quarter worth approximately $60,132,000. Patient Capital Management LLC increased its stake in shares of Seadrill by 13.0% in the 2nd quarter. Patient Capital Management LLC now owns 2,229,549 shares of the oil and gas company’s stock valued at $58,526,000 after purchasing an additional 256,836 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Seadrill by 0.7% in 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 purchasing an additional 11,113 shares in the last quarter. Geode Capital Management LLC increased its position in Seadrill by 77.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,419,059 shares of the oil and gas company’s stock worth $37,256,000 after purchasing an additional 617,521 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in shares of Seadrill by 37.3% in the 3rd quarter. DNB Asset Management AS now owns 815,644 shares of the oil and gas company’s stock valued at $24,641,000 after acquiring an additional 221,388 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SDRL shares. Citigroup raised shares of Seadrill from a “sell” rating to a “neutral” rating and raised their price target for the company from $32.00 to $46.00 in a research note on Thursday. BWS Financial reiterated a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Friday, January 23rd. BTIG Research upped their price objective on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 9th. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Barclays upped their price target on Seadrill from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.00.

Seadrill Trading Down 3.9%

SDRL opened at $42.00 on Friday. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $45.90. The firm has a market capitalization of $2.62 billion, a PE ratio of -33.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 1.89. The company’s 50-day moving average is $39.06 and its 200 day moving average is $34.01.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $362.00 million during the quarter, compared to the consensus estimate of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. As a group, research analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

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.