Seadrill Limited $SDRL Stock Position Raised by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Seadrill Limited (NYSE:SDRL) by 27.6% during the 1st quarter, Holdings Channel reports. The firm owned 2,449,565 shares of the oil and gas company’s stock after buying an additional 529,884 shares during the period. Seadrill makes up about 6.0% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 6th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Seadrill were worth $111,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SDRL. Elliott Investment Management L.P. boosted its position in Seadrill by 23.1% in the 4th quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock valued at $157,733,000 after buying an additional 855,012 shares during the period. Vanguard Group Inc. increased its position in shares of Seadrill by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after acquiring an additional 23,672 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of Seadrill by 12.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock worth $120,579,000 after acquiring an additional 373,176 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Seadrill by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,226,446 shares of the oil and gas company’s stock valued at $111,635,000 after acquiring an additional 34,511 shares in the last quarter. Finally, Schf GPE LLC acquired a new stake in shares of Seadrill in the second quarter valued at $60,132,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Trading Down 0.1%

Shares of Seadrill stock opened at $43.01 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $2.69 billion, a P/E ratio of -38.41 and a beta of 1.27. Seadrill Limited has a 1 year low of $27.40 and a 1 year high of $55.47. The company’s fifty day moving average is $44.57 and its two-hundred day moving average is $43.00.

Seadrill (NYSE:SDRL) last announced its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. The business had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $326.75 million. Analysts forecast that Seadrill Limited will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SDRL. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a report on Tuesday, June 30th. Citigroup raised their price objective on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Capital One Financial set a $55.00 target price on Seadrill and gave the company an “overweight” rating in a report on Wednesday, July 1st. Finally, BTIG Research lifted their price target on Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Seadrill presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

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.