26,878 Seadrill Limited $SDRL Shares Sold by Hosking Partners LLP

Hosking Partners LLP trimmed its position in Seadrill Limited (NYSE:SDRL) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 677,637 shares of the oil and gas company’s stock after selling 26,878 shares during the period. Hosking Partners LLP’s holdings in Seadrill were worth $30,270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Seadrill during the second quarter worth about $55,000. Integrated Wealth Concepts LLC bought a new position in shares of Seadrill during the second quarter worth about $92,000. GAMMA Investing LLC raised its position in Seadrill by 38.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,523 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 698 shares during the last quarter. Entropy Technologies LP acquired a new stake in Seadrill in the 1st quarter valued at approximately $205,000. Finally, Abel Hall LLC acquired a new stake in Seadrill in the 3rd quarter valued at approximately $210,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Citigroup restated a “neutral” rating on shares of Seadrill in a research note on Monday, September 7th. Weiss Ratings raised shares of Seadrill from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. BWS Financial reaffirmed a “buy” rating and set a $80.00 price target on shares of Seadrill in a research note on Wednesday, October 14th. Zacks Research downgraded shares of Seadrill from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Finally, Capital One Financial set a $55.00 price objective on shares of Seadrill and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $59.40.

Seadrill Stock Up 3.0%

NYSE:SDRL opened at $49.17 on Thursday. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 1,639.17 and a beta of 1.25. Seadrill Limited has a twelve month low of $28.10 and a twelve month high of $55.47. The stock’s 50 day moving average price is $47.21 and its two-hundred day moving average price is $45.86. 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 (NYSE:SDRL) last announced its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.18. The company had revenue of $430.00 million for the quarter, compared to analysts’ expectations of $388.46 million. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. Equities research analysts expect that Seadrill Limited will post 0.63 earnings per share for the current fiscal year.

Seadrill Company Profile

Seadrill Limited (NYSE: SDRL) is an offshore drilling contractor that provides drilling services to oil and gas companies. The company operates a fleet of mobile offshore drilling units, including ultra-deepwater drillships and semisubmersible rigs, which are used to explore for and develop hydrocarbon resources beneath the seabed.

Seadrill’s services include contract drilling, rig operations, well construction support and related offshore services. Its modern, high-specification fleet is designed to work in challenging deepwater and harsh-environment locations.