Nebula Research & Development LLC Sells 4,038 Shares of Seadrill Limited (NYSE:SDRL)

Nebula Research & Development LLC lowered its position in shares of Seadrill Limited (NYSE:SDRL) by 43.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,309 shares of the oil and gas company’s stock after selling 4,038 shares during the period. Nebula Research & Development LLC’s holdings in Seadrill were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Seadrill by 48.5% in the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company’s stock worth $36,996,000 after purchasing an additional 303,839 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Seadrill in the 3rd quarter valued at about $2,488,000. JPMorgan Chase & Co. boosted its position in shares of Seadrill by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 88,039 shares of the oil and gas company’s stock valued at $3,499,000 after acquiring an additional 17,955 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Seadrill by 261.5% during the fourth quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company’s stock worth $3,502,000 after purchasing an additional 65,078 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Seadrill in the fourth quarter worth approximately $517,000. Institutional investors own 95.67% of the company’s stock.

Seadrill Price Performance

Shares of Seadrill stock opened at $22.50 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $56.46. The company has a fifty day moving average of $22.81 and a 200-day moving average of $32.36. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 3.92 and a beta of 1.41.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $1.41. The firm had revenue of $289.00 million for the quarter, compared to analysts’ expectations of $299.50 million. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. Equities research analysts expect that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SDRL. BWS Financial reiterated a “buy” rating and set a $80.00 target price on shares of Seadrill in a research report on Monday, March 3rd. Citigroup dropped their price objective on shares of Seadrill from $46.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Seadrill has a consensus rating of “Buy” and an average price target of $62.00.

About Seadrill

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.