Bridgeway Capital Management LLC Has $14.32 Million Stock Holdings in Seadrill Limited $SDRL

Bridgeway Capital Management LLC lifted its stake in Seadrill Limited (NYSE:SDRL) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,721 shares of the oil and gas company’s stock after acquiring an additional 33,787 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.66% of Seadrill worth $14,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Seadrill by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after acquiring an additional 23,672 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Seadrill by 12.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock worth $120,579,000 after acquiring an additional 373,176 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Seadrill by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,226,446 shares of the oil and gas company’s stock worth $111,635,000 after acquiring an additional 34,511 shares during the last quarter. Schf GPE LLC acquired a new position in shares of Seadrill in the second quarter worth $60,132,000. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of Seadrill by 13.2% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,919,681 shares of the oil and gas company’s stock worth $66,421,000 after acquiring an additional 224,567 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Trading Down 0.2%

Shares of NYSE:SDRL opened at $40.13 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Seadrill Limited has a 1 year low of $25.48 and a 1 year high of $55.47. The firm has a fifty day moving average price of $47.86 and a 200 day moving average price of $41.91. The stock has a market capitalization of $2.51 billion, a PE ratio of -35.83 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SDRL shares. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $59.00 in a report on Thursday, May 7th. Zacks Research upgraded shares of Seadrill from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of Seadrill from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. BTIG Research upped their price objective on shares of Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, BWS Financial reiterated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

About Seadrill

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.