145,185 Shares in Seadrill Limited (NYSE:SDRL) Acquired by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP purchased a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 145,185 shares of the oil and gas company's stock, valued at approximately $5,652,000. Seadrill makes up approximately 0.4% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 27th biggest holding. Wolf Hill Capital Management LP owned approximately 0.20% of Seadrill at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SDRL. Headlands Technologies LLC acquired a new stake in shares of Seadrill in the fourth quarter valued at approximately $28,000. Sterling Capital Management LLC raised its stake 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 valued at $61,000 after acquiring an additional 1,384 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Seadrill by 10.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 354 shares during the last quarter. Cibc World Markets Corp bought a new position in Seadrill during the fourth quarter worth $253,000. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Seadrill by 4.7% in 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 purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

SDRL has been the subject of a number of research reports. BWS Financial restated a "buy" rating and set a $80.00 target price on shares of Seadrill in a research note on Monday, March 3rd. Citigroup cut their price objective 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Seadrill has an average rating of "Buy" and an average price target of $62.00.

Seadrill Stock Performance

Shares of NYSE:SDRL traded down $0.02 on Friday, reaching $20.58. 825,800 shares of the company's stock were exchanged, compared to its average volume of 951,449. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $56.46. The company has a fifty day moving average of $23.53 and a 200-day moving average of $32.88. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.59 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.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $1.41. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The company had revenue of $289.00 million for the quarter, compared to analysts' expectations of $299.50 million. On average, research analysts predict 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.