Seadrill Limited (NYSE:SDRL) Shares Acquired by Webs Creek Capital Management LP

Webs Creek Capital Management LP increased its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 892,061 shares of the oil and gas company's stock after acquiring an additional 161,882 shares during the quarter. Seadrill makes up 8.4% of Webs Creek Capital Management LP's investment portfolio, making the stock its 7th largest position. Webs Creek Capital Management LP owned approximately 1.21% of Seadrill worth $34,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SDRL. Summit Investment Advisors Inc. raised its stake in Seadrill by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock valued at $283,000 after buying an additional 325 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Seadrill by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after buying an additional 354 shares during the last quarter. Headlands Technologies LLC bought a new stake in Seadrill in the 4th quarter worth about $28,000. Sterling Capital Management LLC raised its position in Seadrill by 756.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after buying an additional 1,384 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Seadrill by 2.0% during the 4th quarter. Rhumbline Advisers now owns 103,205 shares of the oil and gas company's stock valued at $4,018,000 after acquiring an additional 2,050 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Seadrill Trading Down 2.4 %

SDRL stock traded down $0.50 during mid-day trading on Monday, reaching $20.12. 526,358 shares of the stock traded hands, compared to its average volume of 952,073. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market capitalization of $1.25 billion, a PE ratio of 3.51 and a beta of 1.41. The business has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $32.79. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $299.50 million. Equities research analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

SDRL has been the topic of a number of recent analyst reports. BWS Financial reaffirmed a "buy" rating and set a $80.00 price target on shares of Seadrill in a report on Monday, March 3rd. 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 report on Wednesday, March 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Seadrill presently has a consensus rating of "Buy" and a consensus price target of $62.00.

About Seadrill

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.