Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $1.39 Million Position in Seadrill Limited $SDRL

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Seadrill Limited (NYSE:SDRL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 40,245 shares of the oil and gas company’s stock, valued at approximately $1,392,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ProShare Advisors LLC lifted its holdings in shares of Seadrill by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 11,488 shares of the oil and gas company’s stock valued at $397,000 after purchasing an additional 742 shares in the last quarter. DNB Asset Management AS lifted its holdings in shares of Seadrill by 5.3% during the fourth quarter. DNB Asset Management AS now owns 859,183 shares of the oil and gas company’s stock valued at $29,728,000 after purchasing an additional 43,539 shares in the last quarter. Tejara Capital Ltd lifted its holdings in shares of Seadrill by 100.7% during the fourth quarter. Tejara Capital Ltd now owns 367,868 shares of the oil and gas company’s stock valued at $12,728,000 after purchasing an additional 184,616 shares in the last quarter. Hosking Partners LLP increased its position in Seadrill by 14.6% during the fourth quarter. Hosking Partners LLP now owns 714,150 shares of the oil and gas company’s stock valued at $24,710,000 after acquiring an additional 91,175 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Seadrill during the fourth quarter valued at $139,000. 95.67% of the stock is owned by institutional investors.

Seadrill Stock Down 1.1%

Seadrill stock opened at $51.06 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a fifty day moving average of $47.56 and a 200 day moving average of $39.89. The stock has a market cap of $3.19 billion, a PE ratio of -45.59 and a beta of 1.25. Seadrill Limited has a one year low of $22.30 and a one year high of $55.47.

Seadrill (NYSE:SDRL) last issued its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The company had revenue of $358.00 million during the quarter, compared to analysts’ expectations of $326.75 million. Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%. As a group, sell-side analysts predict that Seadrill Limited will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SDRL shares. BTIG Research upped their price objective on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. Citigroup upped their price objective on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

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.