Seadrill Limited (NYSE:SDRL) Shares Sold by Melqart Asset Management UK Ltd

Melqart Asset Management UK Ltd decreased its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 24.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 383,519 shares of the oil and gas company's stock after selling 125,672 shares during the period. Seadrill makes up about 1.8% of Melqart Asset Management UK Ltd's investment portfolio, making the stock its 18th largest position. Melqart Asset Management UK Ltd owned 0.52% of Seadrill worth $14,930,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SDRL. Dimensional Fund Advisors LP lifted its holdings in shares of Seadrill by 12.5% during 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 acquiring an additional 384,471 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Seadrill by 10.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock worth $133,498,000 after buying an additional 320,392 shares during the period. Barclays PLC grew its stake 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 buying an additional 303,839 shares in the last quarter. Webs Creek Capital Management LP raised its holdings in shares of Seadrill by 22.2% during the 4th quarter. Webs Creek Capital Management LP now owns 892,061 shares of the oil and gas company's stock valued at $34,728,000 after buying an additional 161,882 shares during the period. Finally, Norges Bank acquired a new position in Seadrill during the 4th quarter worth approximately $33,104,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on SDRL. Citigroup reduced their target price 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. BWS Financial reiterated a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $62.00.

Seadrill Price Performance

SDRL opened at $20.58 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 3.59 and a beta of 1.41. The company has a 50-day moving average of $23.53 and a 200-day moving average of $32.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last announced 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. The firm had revenue of $289.00 million for 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 analysts expect that Seadrill Limited will post 1.86 EPS for the current fiscal year.

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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