Dimensional Fund Advisors LP Has $161.67 Million Stake in Seadrill Limited $SDRL

Dimensional Fund Advisors LP lifted its stake in Seadrill Limited (NYSE:SDRL) by 10.1% during the first quarter, Holdings Channel reports. The fund owned 3,553,281 shares of the oil and gas company’s stock after acquiring an additional 326,835 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Seadrill worth $161,671,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position in Seadrill by 23.1% during the second quarter. Russell Investments Group Ltd. now owns 38,538 shares of the oil and gas company’s stock worth $1,012,000 after purchasing an additional 7,233 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Seadrill during the second quarter valued at approximately $42,000. Federated Hermes Inc. raised its position in shares of Seadrill by 394,614.3% in the second quarter. Federated Hermes Inc. now owns 221,040 shares of the oil and gas company’s stock valued at $5,802,000 after purchasing an additional 220,984 shares during the period. Cerity Partners LLC bought a new position in shares of Seadrill in the second quarter valued at approximately $696,000. Finally, Sei Investments Co. bought a new position in shares of Seadrill in the second quarter valued at approximately $375,000. 95.67% of the stock is owned by institutional investors.

Seadrill Stock Performance

NYSE:SDRL opened at $44.93 on Friday. Seadrill Limited has a 12-month low of $27.40 and a 12-month high of $55.47. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.81 billion, a PE ratio of -40.12 and a beta of 1.27. The firm has a 50-day moving average price of $43.71 and a 200 day moving average price of $43.41.

Seadrill (NYSE:SDRL) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The business had revenue of $358.00 million for the quarter, compared to the consensus estimate of $326.75 million. Seadrill had a negative return on equity of 1.84% and a negative net margin of 4.79%. Research analysts anticipate that Seadrill Limited will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on SDRL. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Citigroup lifted their target price on shares of Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. BTIG Research boosted their target price on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Seadrill in a research report on Tuesday, June 30th. Finally, Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $41.00 to $59.00 in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Seadrill currently has an average rating of “Moderate Buy” and a consensus price target 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.