Commerzbank Aktiengesellschaft FI boosted its position in Seadrill Ltd (NASDAQ:SDRL) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,276 shares of the company’s stock after acquiring an additional 8,067 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.08% of Seadrill worth $143,000 at the end of the most recent reporting period.
Separately, LMR Partners LLP increased its stake in Seadrill by 2,004.1% in the second quarter. LMR Partners LLP now owns 1,597,477 shares of the company’s stock valued at $576,000 after acquiring an additional 1,521,556 shares during the last quarter.
Seadrill Ltd (NASDAQ SDRL) opened at 0.2287 on Wednesday. The company’s market capitalization is $115.37 million. Seadrill Ltd has a 52 week low of $0.15 and a 52 week high of $4.59. The company has a 50-day moving average of $0.30 and a 200-day moving average of $0.66.
A number of brokerages recently issued reports on SDRL. Zacks Investment Research cut shares of Seadrill from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Societe Generale cut shares of Seadrill from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st.
Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.
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