Rockefeller Capital Management L.P. Makes New Investment in Seadrill Limited (NYSE:SDRL)

Rockefeller Capital Management L.P. acquired a new stake in Seadrill Limited (NYSE:SDRL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,515 shares of the oil and gas company’s stock, valued at approximately $4,458,000.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Seadrill in the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC grew its stake in Seadrill by 756.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Seadrill by 10.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 354 shares during the period. Cibc World Markets Corp acquired a new stake in Seadrill in the 4th quarter valued at about $253,000. Finally, Entropy Technologies LP purchased a new position in shares of Seadrill in the 4th quarter valued at about $288,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Stock Up 8.0 %

Shares of NYSE:SDRL opened at $20.93 on Friday. The firm has a 50 day simple moving average of $25.09 and a 200-day simple moving average of $33.71. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $56.46. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.30 billion, a PE ratio of 3.65 and a beta of 1.41.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $1.41. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The company had revenue of $289.00 million during the quarter, compared to the consensus estimate of $299.50 million. On average, equities analysts predict that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SDRL shares. Citigroup cut their target price on shares of Seadrill from $46.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. BWS Financial reiterated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $62.00.

Seadrill Company Profile

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.