Seadrill Limited $SDRL Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Seadrill Limited (NYSE:SDRL) by 91.9% in the first quarter, Holdings Channel reports. The institutional investor owned 71,916 shares of the oil and gas company’s stock after purchasing an additional 34,436 shares during the period. Quantinno Capital Management LP’s holdings in Seadrill were worth $3,272,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Seadrill during the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill during the 2nd quarter valued at about $42,000. Aquatic Capital Management LLC purchased a new position in shares of Seadrill in the 3rd quarter valued at about $44,000. CIBC Private Wealth Group LLC purchased a new position in shares of Seadrill in the 3rd quarter valued at about $61,000. Finally, Farther Finance Advisors LLC raised its holdings in Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Trading Up 0.6%

SDRL stock opened at $43.18 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Seadrill Limited has a 12-month low of $28.02 and a 12-month high of $55.47. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -38.55 and a beta of 1.21. The business’s 50-day moving average is $42.06 and its 200 day moving average is $43.96.

Seadrill (NYSE:SDRL) last announced its earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The firm had revenue of $358.00 million for the quarter, compared to analyst estimates of $326.75 million. Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. On average, sell-side analysts anticipate that Seadrill Limited will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SDRL. Citigroup increased their price target on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Capital One Financial set a $55.00 target price on Seadrill and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Zacks Research raised shares of Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, BWS Financial reissued a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

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.