Brandywine Global Investment Management LLC Makes New $4.73 Million Investment in Seadrill Limited $SDRL

Brandywine Global Investment Management LLC acquired a new position in Seadrill Limited (NYSE:SDRL) in the fourth quarter, Holdings Channel reports. The firm acquired 142,989 shares of the oil and gas company’s stock, valued at approximately $4,731,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Monaco Asset Management SAM boosted its stake in Seadrill by 23.7% in the 3rd quarter. Monaco Asset Management SAM now owns 266,047 shares of the oil and gas company’s stock worth $8,037,000 after purchasing an additional 51,047 shares during the period. American Century Companies Inc. boosted its stake in Seadrill by 64.4% in the 3rd quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock worth $26,719,000 after purchasing an additional 346,409 shares during the period. DNB Asset Management AS boosted its stake in 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 worth $24,641,000 after purchasing an additional 221,388 shares during the period. Quantbot Technologies LP acquired a new position in Seadrill in the 3rd quarter worth approximately $758,000. Finally, Fluent Financial LLC acquired a new position in Seadrill in the 4th quarter worth approximately $2,360,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a research note on Thursday, April 2nd. BTIG Research raised their price objective on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Barclays raised shares of Seadrill from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Seadrill presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Trading Up 1.6%

Shares of NYSE:SDRL opened at $44.75 on Thursday. The firm has a fifty day moving average of $48.20 and a two-hundred day moving average of $41.48. The firm has a market capitalization of $2.80 billion, a P/E ratio of -39.95 and a beta of 1.19. Seadrill Limited has a 12-month low of $25.48 and a 12-month high of $55.47. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

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