28,888 Shares in Seadrill Limited $SDRL Acquired by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Seadrill Limited (NYSE:SDRL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,888 shares of the oil and gas company’s stock, valued at approximately $1,000,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Monaco Asset Management SAM grew its holdings in shares of Seadrill by 23.7% in the 3rd quarter. Monaco Asset Management SAM now owns 266,047 shares of the oil and gas company’s stock worth $8,037,000 after acquiring an additional 51,047 shares during the period. American Century Companies Inc. grew its holdings in shares of Seadrill by 64.4% in the 3rd quarter. American Century Companies Inc. now owns 884,430 shares of the oil and gas company’s stock worth $26,719,000 after acquiring an additional 346,409 shares during the period. DNB Asset Management AS grew its holdings in shares of Seadrill by 37.3% in the 3rd quarter. DNB Asset Management AS now owns 815,644 shares of the oil and gas company’s stock worth $24,641,000 after acquiring an additional 221,388 shares during the period. Quantbot Technologies LP acquired a new stake in Seadrill during the 3rd quarter valued at $758,000. Finally, Fluent Financial LLC acquired a new stake in Seadrill during the 4th quarter valued at $2,360,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on SDRL shares. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BWS Financial reiterated a “buy” rating and set a $80.00 target price on shares of Seadrill in a report on Tuesday, April 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a report on Thursday, April 2nd. BTIG Research increased their target price on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Trading Up 0.0%

Shares of Seadrill stock opened at $44.40 on Friday. Seadrill Limited has a fifty-two week low of $25.48 and a fifty-two week high of $55.47. The firm has a market cap of $2.78 billion, a PE ratio of -39.64 and a beta of 1.19. The business’s fifty day moving average is $48.18 and its two-hundred day moving average is $41.60. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

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

Seadrill Company 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.