Seadrill Limited $SDRL is Goehring & Rozencwajg Associates LLC’s 2nd Largest Position

Goehring & Rozencwajg Associates LLC boosted its position in shares of Seadrill Limited (NYSE:SDRL) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,919,681 shares of the oil and gas company’s stock after buying an additional 224,567 shares during the quarter. Seadrill accounts for approximately 6.4% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 2nd largest position. Goehring & Rozencwajg Associates LLC owned 3.08% of Seadrill worth $66,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SDRL. Russell Investments Group Ltd. boosted its stake in Seadrill by 23.1% during the second 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 during the period. EverSource Wealth Advisors LLC purchased a new position in Seadrill during the second quarter worth $42,000. Federated Hermes Inc. boosted its stake in Seadrill by 394,614.3% during the second quarter. Federated Hermes Inc. now owns 221,040 shares of the oil and gas company’s stock worth $5,802,000 after buying an additional 220,984 shares during the period. Cerity Partners LLC purchased a new position in Seadrill during the second quarter worth $696,000. Finally, Sei Investments Co. purchased a new position in Seadrill during the second quarter worth $375,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SDRL. Barclays raised shares of Seadrill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Citigroup boosted their target price on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Two 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 given a Sell rating to the stock. According to MarketBeat.com, Seadrill has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Stock Up 0.0%

Shares of SDRL opened at $44.40 on Friday. The firm has a market capitalization of $2.78 billion, a P/E ratio of -39.64 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 current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $48.18 and a 200-day moving average price of $41.60.

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 analysts’ expectations of $326.75 million. Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. Equities research analysts expect that Seadrill Limited will post 0.04 earnings per share for the current year.

Seadrill 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.