BTG Pactual Asset Management US LLC Buys New Holdings in Seadrill Limited $SDRL

BTG Pactual Asset Management US LLC purchased a new stake in shares of Seadrill Limited (NYSE:SDRL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,455 shares of the oil and gas company’s stock, valued at approximately $2,135,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Seadrill in the 2nd quarter worth about $207,509,000. Elliott Investment Management L.P. increased its position in Seadrill by 3.5% during the 1st quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock worth $214,718,000 after purchasing an additional 160,327 shares in the last quarter. Vanguard Group Inc. increased its position in Seadrill by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after purchasing an additional 23,672 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Seadrill by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,553,281 shares of the oil and gas company’s stock valued at $161,671,000 after buying an additional 326,835 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its holdings in Seadrill by 12.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock valued at $120,579,000 after buying an additional 373,176 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Seadrill Stock Down 0.0%

Shares of NYSE:SDRL opened at $47.59 on Monday. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. Seadrill Limited has a 52-week low of $28.10 and a 52-week high of $55.47. The company has a 50 day moving average of $43.10 and a two-hundred day moving average of $44.93. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 1,586.33 and a beta of 1.21.

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

Wall Street Analysts Forecast Growth

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

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.