Brandywine Global Investment Management LLC Makes New Investment in Seadrill Limited $SDRL

Brandywine Global Investment Management LLC bought a new position in Seadrill Limited (NYSE:SDRL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 142,989 shares of the oil and gas company’s stock, valued at approximately $4,731,000. Brandywine Global Investment Management LLC owned about 0.23% of Seadrill as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SDRL. Raymond James Financial Inc. acquired a new stake in shares of Seadrill in the second quarter valued at approximately $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill in the second quarter valued at approximately $42,000. Aquatic Capital Management LLC acquired a new stake in shares of Seadrill in the third quarter valued at approximately $44,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Seadrill in the third quarter valued at approximately $61,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Seadrill by 20.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Trading Up 1.6%

Seadrill stock opened at $44.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -39.95 and a beta of 1.19. Seadrill Limited has a 1 year low of $25.48 and a 1 year high of $55.47. The firm’s 50 day moving average price is $48.20 and its two-hundred day moving average price is $41.48.

Seadrill (NYSE:SDRL) last posted its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The business had revenue of $358.00 million during the quarter, compared to analyst estimates of $326.75 million. Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%. On average, research analysts predict that Seadrill Limited will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on SDRL. BTIG Research raised their price target on shares of Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Citigroup raised their price target on shares of Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Fearnley Fonds upgraded shares of Seadrill from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Seadrill in a research note on Thursday, April 2nd. Finally, BWS Financial restated a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Seadrill currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Seadrill Company Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.