Seadrill Limited (NYSE:SDRL) Shares Sold by Arvin Capital Management LP

Arvin Capital Management LP decreased its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,818 shares of the oil and gas company's stock after selling 78,691 shares during the period. Seadrill comprises approximately 0.8% of Arvin Capital Management LP's holdings, making the stock its 28th largest holding. Arvin Capital Management LP owned approximately 0.10% of Seadrill worth $2,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SDRL. Norges Bank bought a new stake in Seadrill during the 4th quarter valued at $33,104,000. Dimensional Fund Advisors LP increased its stake in shares of Seadrill by 12.5% during the fourth 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 buying an additional 384,471 shares during the period. Barclays PLC raised its holdings in shares of Seadrill by 48.5% in the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock valued at $36,996,000 after acquiring an additional 303,839 shares in the last quarter. Packer & Co Ltd bought a new position in Seadrill during the 4th quarter worth about $9,619,000. Finally, Yaupon Capital Management LP increased its position in Seadrill by 80.2% during the 4th quarter. Yaupon Capital Management LP now owns 541,250 shares of the oil and gas company's stock valued at $21,071,000 after purchasing an additional 240,901 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Seadrill Stock Down 0.1 %

Shares of SDRL stock traded down $0.02 during trading hours on Friday, reaching $20.58. 825,800 shares of the company's stock were exchanged, compared to its average volume of 951,449. The stock's 50 day moving average is $23.74 and its 200-day moving average is $32.96. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $56.46. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 3.59 and a beta of 1.41.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings data 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 during 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%. Analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective 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 reaffirmed a "buy" rating and set a $80.00 target price on shares of Seadrill in a research report on Monday, March 3rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Seadrill presently has a consensus rating of "Buy" and a consensus price target of $62.00.

Seadrill 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.