Bank of New York Mellon Invests in Seadrill Limited

Bank of New York Mellon Corp has invested in Seadrill Limited, purchasing 203,139 shares worth approximately $7.68 million according to its most recent Form 13F filing with the Securities and Exchange Commission.

This is not the only institutional investor that has modified its holdings of Seadrill stock this quarter. Osaic Holdings Inc. grew its stake in Seadrill by 18.8% during the second quarter, while Swiss National Bank raised its stake by 0.5% in the first quarter.

Seadrill reported $0.47 EPS for the most recent quarter, beating analysts' estimates of $0.29 per share. The oil and gas company's revenue was also higher than expected at $430 million compared to analyst estimates of $388.46 million.