Tejara Capital Ltd Purchases Shares of 76,600 Seadrill Limited $SDRL

Tejara Capital Ltd acquired a new stake in shares of Seadrill Limited (NYSE:SDRL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 76,600 shares of the oil and gas company’s stock, valued at approximately $2,897,000. Seadrill comprises about 1.2% of Tejara Capital Ltd’s holdings, making the stock its 27th biggest holding.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Seadrill during the 2nd quarter valued at about $207,509,000. Elliott Investment Management L.P. lifted its position in Seadrill by 3.5% in the first quarter. Elliott Investment Management L.P. now owns 4,719,085 shares of the oil and gas company’s stock valued at $214,718,000 after purchasing an additional 160,327 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Seadrill by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock valued at $131,754,000 after purchasing an additional 23,672 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Seadrill by 10.1% during 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 purchasing an additional 326,835 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of 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 worth $120,579,000 after purchasing an additional 373,176 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a research note on Tuesday, June 30th. Barclays raised Seadrill from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $41.00 to $59.00 in a research note on Thursday, May 7th. Finally, Capital One Financial set a $55.00 price target on Seadrill and gave the company an “overweight” rating in a report 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Trading Up 3.2%

NYSE:SDRL opened at $47.74 on Friday. The company has a 50-day moving average price of $42.31 and a 200-day moving average price of $44.59. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 1,591.33 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 Limited has a 12 month low of $28.10 and a 12 month high of $55.47.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $388.46 million. Equities analysts predict that Seadrill Limited will post 0.37 EPS for the current year.

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.