JPMorgan Chase & Co. Buys 118,699 Shares of Seadrill Limited (NYSE:SDRL)

JPMorgan Chase & Co. raised its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 134.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,738 shares of the oil and gas company's stock after purchasing an additional 118,699 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Seadrill worth $8,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Seadrill by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 540,864 shares of the oil and gas company's stock worth $21,056,000 after purchasing an additional 16,230 shares in the last quarter. LPL Financial LLC boosted its holdings in Seadrill by 409.8% during the 4th quarter. LPL Financial LLC now owns 57,543 shares of the oil and gas company's stock worth $2,240,000 after acquiring an additional 46,255 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Seadrill during the fourth quarter valued at about $1,198,000. KLP Kapitalforvaltning AS bought a new position in shares of Seadrill in the fourth quarter valued at approximately $990,000. Finally, American Century Companies Inc. increased its position in shares of Seadrill by 327.3% during the 4th quarter. American Century Companies Inc. now owns 232,225 shares of the oil and gas company's stock valued at $9,041,000 after purchasing an additional 177,881 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Seadrill Stock Performance

Shares of SDRL stock traded up $1.56 during trading on Friday, reaching $20.93. 1,187,581 shares of the company's stock traded hands, compared to its average volume of 946,815. Seadrill Limited has a 1 year low of $17.74 and a 1 year high of $56.46. The company has a market capitalization of $1.30 billion, a P/E ratio of 3.65 and a beta of 1.41. 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 firm's 50-day moving average is $24.62 and its 200 day moving average is $33.50.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $1.41. The company had revenue of $289.00 million during the quarter, compared to analysts' expectations of $299.50 million. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. Equities research analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

SDRL has been the subject of a number of research reports. Citigroup reduced their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. BWS Financial restated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research note on Monday, March 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Seadrill presently has an average rating of "Buy" and a consensus target price 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.