239,671 Shares in Seadrill Limited $SDRL Bought by Monaco Asset Management SAM

Monaco Asset Management SAM bought a new position in shares of Seadrill Limited (NYSE:SDRL) during the second quarter, HoldingsChannel.com reports. The firm bought 239,671 shares of the oil and gas company’s stock, valued at approximately $9,064,000. Seadrill accounts for approximately 0.7% of Monaco Asset Management SAM’s holdings, making the stock its 10th biggest holding.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Seadrill during the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Seadrill in the 2nd quarter worth about $42,000. Aquatic Capital Management LLC acquired a new stake in Seadrill in the 3rd quarter valued at about $44,000. State of Wyoming acquired a new stake in Seadrill in the 2nd quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Seadrill during the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Trading Down 0.2%

Seadrill stock opened at $47.89 on Monday. The stock has a 50-day moving average price of $42.13 and a 200 day moving average price of $44.35. Seadrill Limited has a 52 week low of $28.10 and a 52 week high of $55.47. The stock has a market cap of $3.00 billion, a PE ratio of 1,596.43 and a beta of 1.21. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26.

Seadrill (NYSE:SDRL) last released its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. Equities research analysts predict that Seadrill Limited will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on SDRL shares. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. BWS Financial reiterated a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, August 11th. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Capital One Financial set a $55.00 price objective on Seadrill and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Barclays raised 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 research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.