12,247 Shares in Seadrill Limited $SDRL Acquired by Profund Advisors LLC

Profund Advisors LLC bought a new stake in Seadrill Limited (NYSE:SDRL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,247 shares of the oil and gas company’s stock, valued at approximately $370,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of Seadrill by 554.6% during the second quarter. Legal & General Group Plc now owns 69,010 shares of the oil and gas company’s stock worth $1,812,000 after buying an additional 58,467 shares during the period. JPMorgan Chase & Co. lifted its holdings in Seadrill by 498.2% in the second quarter. JPMorgan Chase & Co. now owns 614,849 shares of the oil and gas company’s stock valued at $16,140,000 after buying an additional 512,074 shares during the period. Monaco Asset Management SAM boosted its position in Seadrill by 7.5% during the second quarter. Monaco Asset Management SAM now owns 215,000 shares of the oil and gas company’s stock valued at $5,644,000 after acquiring an additional 15,000 shares during the last quarter. Packer & Co Ltd acquired a new stake in Seadrill during the 3rd quarter worth about $13,597,000. Finally, Creative Planning grew its holdings in Seadrill by 302.9% during the 2nd quarter. Creative Planning now owns 114,482 shares of the oil and gas company’s stock worth $3,005,000 after acquiring an additional 86,069 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SDRL shares. Weiss Ratings downgraded Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. Barclays boosted their price target on Seadrill from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Citigroup cut Seadrill from a “neutral” rating to a “sell” rating and cut their price target for the stock from $35.00 to $32.00 in a report on Monday, January 12th. BTIG Research lifted their price objective on shares of Seadrill from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, BWS Financial reissued a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Seadrill currently has an average rating of “Hold” and an average target price of $43.60.

Seadrill Stock Performance

SDRL opened at $42.61 on Friday. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $43.30. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 92.63 and a beta of 1.54. The company’s fifty day moving average price is $35.61 and its two-hundred day moving average price is $32.46. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21.

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.