Odyssean LLC Makes New $458,000 Investment in Seadrill Limited $SDRL

Odyssean LLC purchased a new position in shares of Seadrill Limited (NYSE:SDRL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 also recently made changes to their positions in SDRL. Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $87,000 after buying an additional 422 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Seadrill by 18.8% during the second quarter. Osaic Holdings Inc. now owns 3,521 shares of the oil and gas company’s stock worth $92,000 after buying an additional 558 shares during the last quarter. Swiss National Bank raised its position in Seadrill by 0.5% during the first quarter. Swiss National Bank now owns 117,200 shares of the oil and gas company’s stock worth $5,333,000 after acquiring an additional 600 shares in the last quarter. Alliancebernstein L.P. raised its position 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 acquiring an additional 700 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

SDRL has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a research report on Tuesday, June 30th. Barclays raised shares of Seadrill from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $41.00 to $59.00 in a report on Thursday, May 7th. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Capital One Financial set a $55.00 price target on Seadrill and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Finally, BWS Financial reissued a “buy” rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday, August 11th. Three investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Seadrill presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Trading Up 4.1%

Shares of Seadrill stock opened at $48.50 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50. The business has a fifty day simple moving average of $42.92 and a two-hundred day simple moving average of $44.89. Seadrill Limited has a 1 year low of $28.10 and a 1 year high of $55.47. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 1,616.73 and a beta of 1.21.

Seadrill (NYSE:SDRL) last issued its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.18. The company had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Research 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.