Robotti Robert Purchases Shares of 133,210 Seadrill Limited $SDRL

Robotti Robert acquired a new stake in shares of Seadrill Limited (NYSE:SDRL) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 133,210 shares of the oil and gas company’s stock, valued at approximately $5,038,000.

Several other large investors have also modified their holdings of the stock. Russell Investments Group Ltd. increased its position in Seadrill by 23.1% during the second quarter. Russell Investments Group Ltd. now owns 38,538 shares of the oil and gas company’s stock worth $1,012,000 after purchasing an additional 7,233 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Seadrill during the 2nd quarter valued at $42,000. Federated Hermes Inc. grew its stake in shares of Seadrill by 394,614.3% during the 2nd 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 during the period. Cerity Partners LLC acquired a new stake in shares of Seadrill during the 2nd quarter worth $696,000. Finally, Sei Investments Co. acquired a new stake in shares of Seadrill during the 2nd quarter worth $375,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SDRL shares. Capital One Financial set a $55.00 target price on Seadrill and gave the company an “overweight” rating in a report on Wednesday, July 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a research note on Tuesday, June 30th. Fearnley Fonds upgraded Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Seadrill Trading Down 0.7%

Shares of SDRL opened at $46.58 on Wednesday. The stock’s 50-day moving average is $42.21 and its two-hundred day moving average is $44.47. The stock has a market cap of $2.91 billion, a PE ratio of 1,552.80 and a beta of 1.21. Seadrill Limited has a 12 month low of $28.10 and a 12 month high of $55.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50.

Seadrill (NYSE:SDRL) last issued its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.18. Seadrill had a return on equity of 0.64% and a net margin of 0.07%.The company had revenue of $430.00 million during the quarter, compared to the consensus estimate of $388.46 million. Equities analysts forecast 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.