Seadrill Limited (NYSE:SDRL) Stake Lowered by Arvin Capital Management LP

Arvin Capital Management LP decreased its position in shares of Seadrill Limited (NYSE:SDRL) by 50.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,818 shares of the oil and gas company’s stock after selling 78,691 shares during the period. Seadrill accounts for approximately 0.8% of Arvin Capital Management LP’s portfolio, making the stock its 28th biggest position. Arvin Capital Management LP’s holdings in Seadrill were worth $2,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Seadrill in the fourth quarter worth approximately $33,104,000. Dimensional Fund Advisors LP lifted its stake in shares of Seadrill by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company’s stock valued at $134,677,000 after purchasing an additional 384,471 shares during the last quarter. Barclays PLC boosted its holdings in Seadrill by 48.5% in the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company’s stock worth $36,996,000 after purchasing an additional 303,839 shares in the last quarter. Packer & Co Ltd acquired a new position in Seadrill during the fourth quarter worth $9,619,000. Finally, Yaupon Capital Management LP raised its holdings in Seadrill by 80.2% during the fourth quarter. Yaupon Capital Management LP now owns 541,250 shares of the oil and gas company’s stock valued at $21,071,000 after buying an additional 240,901 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Stock Performance

Shares of NYSE SDRL opened at $20.15 on Tuesday. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $56.46. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.25 billion, a P/E ratio of 3.51 and a beta of 1.41. The business’s 50 day moving average is $24.38 and its two-hundred day moving average is $33.32.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 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 business had revenue of $289.00 million for the quarter, compared to analysts’ expectations of $299.50 million. On average, equities analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BWS Financial reissued a “buy” rating and set a $80.00 price objective on shares of Seadrill in a report on Monday, March 3rd. Citigroup dropped their price target on shares of Seadrill from $46.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock 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.