Hara Capital LLC Purchases 17,377 Shares of Seadrill Limited $SDRL

Hara Capital LLC grew its position in shares of Seadrill Limited (NYSE:SDRL) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,084 shares of the oil and gas company’s stock after acquiring an additional 17,377 shares during the quarter. Seadrill accounts for 1.0% of Hara Capital LLC’s holdings, making the stock its 26th biggest position. Hara Capital LLC’s holdings in Seadrill were worth $1,768,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank bought a new stake in shares of Seadrill in the second quarter worth $2,961,000. JPMorgan Chase & Co. grew its position in Seadrill by 498.2% in the second quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company’s stock valued at $16,140,000 after purchasing an additional 512,074 shares in the last quarter. Legal & General Group Plc increased its stake in Seadrill by 554.6% in the 2nd quarter. Legal & General Group Plc now owns 69,010 shares of the oil and gas company’s stock valued at $1,812,000 after buying an additional 58,467 shares during the last quarter. American Century Companies Inc. increased its stake in Seadrill by 18.0% in the 2nd quarter. American Century Companies Inc. now owns 538,021 shares of the oil and gas company’s stock valued at $14,123,000 after buying an additional 82,138 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Seadrill by 23.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 38,538 shares of the oil and gas company’s stock worth $1,012,000 after buying an additional 7,233 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Seadrill Stock Performance

Shares of SDRL stock opened at $45.49 on Wednesday. The company has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $35.50. Seadrill Limited has a one year low of $17.74 and a one year high of $46.54. The stock has a market cap of $2.84 billion, a P/E ratio of -36.68 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 2.03.

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

Analysts Set New Price Targets

SDRL has been the subject of a number of recent research reports. Citigroup upgraded shares of Seadrill from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $32.00 to $46.00 in a research note on Thursday, March 5th. Weiss Ratings lowered Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 6th. Wall Street Zen raised Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research downgraded Seadrill from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Finally, BTIG Research boosted their price target on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.