12,116 Shares in Seadrill Limited $SDRL Acquired by Odyssean LLC

Odyssean LLC purchased a new stake in Seadrill Limited (NYSE:SDRL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,116 shares of the oil and gas company’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Seadrill by 20.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after buying an additional 422 shares during the period. Osaic Holdings Inc. boosted its position in shares of Seadrill by 18.8% in the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 558 shares during the period. Swiss National Bank boosted its position in shares of Seadrill by 0.5% in the first quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock valued at $5,333,000 after acquiring an additional 600 shares during the period. Alliancebernstein L.P. grew its stake in shares of Seadrill by 1.0% in the third quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company’s stock valued at $2,176,000 after acquiring an additional 700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Seadrill by 4.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,556 shares of the oil and gas company’s stock valued at $642,000 after acquiring an additional 716 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SDRL has been the topic of a number of recent research reports. Capital One Financial set a $55.00 price target on shares of Seadrill and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. BWS Financial restated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research report on Tuesday, August 11th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $59.00 in a research report on Thursday, May 7th. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Stock Up 4.1%

Shares of NYSE SDRL opened at $48.50 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.50 and a current ratio of 2.50. Seadrill Limited has a 52 week low of $28.10 and a 52 week high of $55.47. The stock has a market capitalization of $3.03 billion, a P/E ratio of 1,616.73 and a beta of 1.21. The stock’s fifty day moving average is $42.92 and its 200 day moving average is $44.89.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18. The firm had revenue of $430.00 million for the quarter, compared to the consensus estimate of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Sell-side analysts forecast that Seadrill Limited will post 0.37 earnings per share for the current fiscal 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.