Thomist Capital Management LP Grows Stock Position in Seadrill Limited (NYSE:SDRL)

Thomist Capital Management LP grew its position in shares of Seadrill Limited (NYSE:SDRL) by 60.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 700,448 shares of the oil and gas company’s stock after acquiring an additional 264,828 shares during the quarter. Seadrill comprises approximately 6.5% of Thomist Capital Management LP’s holdings, making the stock its 6th largest holding. Thomist Capital Management LP’s holdings in Seadrill were worth $26,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDRL. Barclays PLC grew its position in Seadrill by 48.5% in the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company’s stock worth $36,996,000 after acquiring an additional 303,839 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Seadrill by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 88,039 shares of the oil and gas company’s stock valued at $3,499,000 after purchasing an additional 17,955 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Seadrill by 261.5% in the 4th quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company’s stock worth $3,502,000 after purchasing an additional 65,078 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Seadrill during the 4th quarter valued at approximately $517,000. Finally, Entropy Technologies LP purchased a new stake in Seadrill during the 4th quarter valued at $288,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Seadrill Stock Down 2.4%

NYSE:SDRL opened at $24.23 on Friday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 4.22 and a beta of 1.48. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $56.46. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $22.59 and a 200-day simple moving average of $31.35.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.48). The company had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Analysts anticipate that Seadrill Limited will post 1.86 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, May 13th. BTIG Research set a $28.00 price objective on shares of Seadrill in a research report on Monday, May 5th. Finally, Citigroup dropped their target price on Seadrill from $46.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th.

About Seadrill

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.