Webs Creek Capital Management LP Purchases Shares of 1,305,349 Seadrill Limited $SDRL

Webs Creek Capital Management LP bought a new stake in Seadrill Limited (NYSE:SDRL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,305,349 shares of the oil and gas company’s stock, valued at approximately $49,368,299. Seadrill comprises approximately 0.0% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 4th biggest position. Webs Creek Capital Management LP owned about 2.09% of Seadrill as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SDRL. Farther Finance Advisors LLC boosted its holdings in shares of Seadrill by 20.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 422 shares during the period. Osaic Holdings Inc. increased its holdings 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 purchasing an additional 558 shares during the last quarter. Swiss National Bank lifted its position in shares of Seadrill by 0.5% during the 1st quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock worth $5,333,000 after buying an additional 600 shares during the last quarter. Alliancebernstein L.P. grew its stake in Seadrill by 1.0% during the third quarter. Alliancebernstein L.P. now owns 72,020 shares of the oil and gas company’s stock worth $2,176,000 after purchasing an additional 700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Seadrill by 4.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,556 shares of the oil and gas company’s stock worth $642,000 after buying an additional 716 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Seadrill Trading Down 1.2%

Shares of SDRL stock traded down $0.59 on Friday, hitting $47.79. 164,564 shares of the company’s stock traded hands, compared to its average volume of 812,885. 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 one year low of $28.10 and a one year high of $55.47. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 1,593.00 and a beta of 1.21. The company’s fifty day simple moving average is $42.92 and its 200 day simple moving average is $44.89.

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

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.