Seadrill Limited $SDRL Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Seadrill Limited (NYSE:SDRL) by 91.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,916 shares of the oil and gas company’s stock after buying an additional 34,436 shares during the quarter. Quantinno Capital Management LP owned about 0.12% of Seadrill worth $3,272,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after acquiring an additional 422 shares during the last quarter. Osaic Holdings Inc. grew its stake in Seadrill by 18.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 558 shares during the last quarter. Swiss National Bank grew its stake in Seadrill by 0.5% during the 1st quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock valued at $5,333,000 after purchasing an additional 600 shares during the last quarter. Alliancebernstein L.P. increased its holdings 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 purchasing an additional 700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 purchasing an additional 716 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup lifted their target price on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a research report on Tuesday, June 30th. BTIG Research lifted their price objective on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Capital One Financial set a $55.00 price objective on shares of Seadrill and gave the company an “overweight” rating in a report on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Stock Performance

Shares of SDRL stock opened at $43.18 on Friday. The stock has a market cap of $2.70 billion, a PE ratio of -38.55 and a beta of 1.21. The business has a 50-day simple moving average of $42.06 and a 200-day simple moving average of $43.96. 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 Limited has a 52-week low of $28.02 and a 52-week high of $55.47.

Seadrill (NYSE:SDRL) last posted its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 return on equity of 1.84% and a negative net margin of 4.79%. On average, equities analysts expect that Seadrill Limited will post 0.37 EPS 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.