Quantbot Technologies LP Purchases New Shares in Seadrill Limited $SDRL

Quantbot Technologies LP acquired a new stake in shares of Seadrill Limited (NYSE:SDRL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,083 shares of the oil and gas company’s stock, valued at approximately $758,000.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in shares of Seadrill in the 2nd quarter worth $235,000. First Eagle Investment Management LLC lifted its position in shares of Seadrill by 132.9% during the second quarter. First Eagle Investment Management LLC now owns 80,613 shares of the oil and gas company’s stock valued at $2,116,000 after purchasing an additional 46,000 shares in the last quarter. Monaco Asset Management SAM lifted its position in shares of Seadrill by 7.5% during the second quarter. Monaco Asset Management SAM now owns 215,000 shares of the oil and gas company’s stock valued at $5,644,000 after purchasing an additional 15,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Seadrill by 77.0% during the second quarter. Geode Capital Management LLC now owns 1,419,059 shares of the oil and gas company’s stock worth $37,256,000 after purchasing an additional 617,521 shares during the last quarter. Finally, Creative Planning boosted its holdings in Seadrill by 302.9% during the second quarter. Creative Planning now owns 114,482 shares of the oil and gas company’s stock worth $3,005,000 after purchasing an additional 86,069 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Price Performance

Shares of NYSE:SDRL opened at $42.00 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.62 billion, a PE ratio of -33.87 and a beta of 1.45. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $45.90. The company has a 50-day moving average price of $39.06 and a two-hundred day moving average price of $34.01.

Seadrill (NYSE:SDRL) last posted its earnings results 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. Seadrill had a negative net margin of 5.36% and a negative return on equity of 2.07%. The firm had revenue of $362.00 million during the quarter, compared to the consensus estimate of $335.36 million. Equities analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

SDRL has been the subject of several analyst reports. BWS Financial reiterated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a research note on Friday, January 23rd. BTIG Research boosted their target price on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Barclays upped their target price on Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Weiss Ratings downgraded Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.00.

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.