Rockefeller Capital Management L.P. Purchases New Position in Seadrill Limited (NYSE:SDRL)

Rockefeller Capital Management L.P. purchased a new position in Seadrill Limited (NYSE:SDRL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 114,515 shares of the oil and gas company's stock, valued at approximately $4,458,000. Rockefeller Capital Management L.P. owned 0.16% of Seadrill at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Seadrill during the 4th quarter worth about $28,000. Sterling Capital Management LLC lifted its position in shares of Seadrill by 756.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after acquiring an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Seadrill by 10.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after acquiring an additional 354 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Seadrill during the fourth quarter worth approximately $253,000. Finally, Entropy Technologies LP acquired a new position in Seadrill in the 4th quarter valued at $288,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Seadrill Price Performance

Seadrill stock opened at $20.93 on Friday. 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 50-day moving average price of $25.09 and a 200 day moving average price of $33.71. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The stock has a market cap of $1.30 billion, a P/E ratio of 3.65 and a beta of 1.41.

Seadrill (NYSE:SDRL - Get Free Report) 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. The firm had revenue of $289.00 million for the quarter, compared to analyst estimates of $299.50 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Sell-side analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SDRL has been the subject of a number of research reports. BWS Financial reaffirmed a "buy" rating and set a $80.00 target price on shares of Seadrill in a report on Monday, March 3rd. Citigroup decreased 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.

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