55,273 Shares in Seadrill Limited $SDRL Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Seadrill Limited (NYSE:SDRL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 55,273 shares of the oil and gas company’s stock, valued at approximately $2,090,000.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in Seadrill by 23.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 38,538 shares of the oil and gas company’s stock valued at $1,012,000 after purchasing an additional 7,233 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill in the second quarter worth $42,000. Federated Hermes Inc. grew its holdings in shares of Seadrill by 394,614.3% during the second quarter. Federated Hermes Inc. now owns 221,040 shares of the oil and gas company’s stock valued at $5,802,000 after buying an additional 220,984 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Seadrill during the second quarter valued at $696,000. Finally, Sei Investments Co. purchased a new position in shares of Seadrill during the second quarter valued at $375,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued 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 lifted their target price for the company from $41.00 to $59.00 in a research note on Thursday, May 7th. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, August 11th. Finally, Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Seadrill currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Trading Down 1.2%

NYSE SDRL opened at $46.71 on Tuesday. Seadrill Limited has a 1-year low of $28.10 and a 1-year high of $55.47. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.92 billion, a PE ratio of 1,556.93 and a beta of 1.21. The firm’s fifty day simple moving average is $42.46 and its 200-day simple moving average is $44.71.

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 the consensus estimate of $0.29 by $0.18. The business had revenue of $430.00 million during the quarter, compared to analyst estimates of $388.46 million. Seadrill had a return on equity of 0.64% and a net margin of 0.07%. As a group, sell-side analysts anticipate that Seadrill Limited will post 0.37 earnings per share for the current fiscal 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.