Jupiter Topco LLC Makes New Investment in Seadrill Limited $SDRL

Jupiter Topco LLC bought a new position in shares of Seadrill Limited (NYSE:SDRL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the oil and gas company’s stock, valued at approximately $946,000.

A number of other large investors also recently modified their holdings of the business. Tairen Capital Ltd acquired a new stake in Seadrill during the second quarter worth about $2,330,000. Dimensional Fund Advisors LP boosted its stake in Seadrill by 10.1% in 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 acquiring an additional 326,835 shares during the period. Elliott Investment Management L.P. boosted its stake 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 acquiring an additional 160,327 shares during the period. Foresight Global Investors Inc. bought a new position in shares of Seadrill during the second quarter valued at approximately $3,574,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Seadrill by 91.9% during the first quarter. Quantinno Capital Management LP now owns 71,916 shares of the oil and gas company’s stock valued at $3,272,000 after purchasing an additional 34,436 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Seadrill Trading Down 2.1%

Seadrill stock opened at $49.00 on Friday. Seadrill Limited has a 52-week low of $28.10 and a 52-week high of $55.47. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 1,633.33 and a beta of 1.22. The firm has a 50-day moving average price of $44.17 and a two-hundred day moving average price of $45.18.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.29 by $0.18. The company had revenue of $430.00 million for the quarter, compared to analyst estimates of $388.46 million. Seadrill had a net margin of 0.07% and a return on equity of 0.64%. Sell-side analysts expect that Seadrill Limited will post 0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SDRL shares. BWS Financial reiterated a “buy” rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday, August 11th. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seadrill in a research report on Tuesday, June 30th. Finally, Capital One Financial set a $55.00 target price on Seadrill and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.40.

About Seadrill

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.