Seadrill Limited $SDRL Stock Position Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Seadrill Limited (NYSE:SDRL) by 725.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,474 shares of the oil and gas company’s stock after purchasing an additional 89,185 shares during the period. SG Americas Securities LLC’s holdings in Seadrill were worth $4,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SDRL. Schf GPE LLC acquired a new stake in shares of Seadrill in the second quarter valued at approximately $60,132,000. Elliott Investment Management L.P. boosted its position in shares of Seadrill by 23.1% during the fourth quarter. Elliott Investment Management L.P. now owns 4,558,758 shares of the oil and gas company’s stock worth $157,733,000 after buying an additional 855,012 shares during the period. Thomist Capital Management LP grew its holdings in Seadrill by 44.6% in the 4th quarter. Thomist Capital Management LP now owns 1,835,718 shares of the oil and gas company’s stock worth $63,387,000 after buying an additional 566,419 shares in the last quarter. Barclays PLC grew its holdings in Seadrill by 123.2% in the 4th quarter. Barclays PLC now owns 704,039 shares of the oil and gas company’s stock worth $24,360,000 after buying an additional 388,634 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in Seadrill by 12.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,484,940 shares of the oil and gas company’s stock valued at $120,579,000 after acquiring an additional 373,176 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

SDRL has been the topic of several recent analyst reports. Citigroup lifted their target price on Seadrill from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. BTIG Research raised their price target on Seadrill from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, April 17th. Barclays upgraded shares of Seadrill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $41.00 to $59.00 in a research note on Thursday, May 7th. Fearnley Fonds raised shares of Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. 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 given a Sell rating to the company. Based on data from MarketBeat, Seadrill has an average rating of “Moderate Buy” and an average target price of $55.00.

Seadrill Price Performance

NYSE SDRL opened at $38.65 on Tuesday. Seadrill Limited has a 12 month low of $25.73 and a 12 month high of $55.47. The firm has a market capitalization of $2.42 billion, a PE ratio of -34.51 and a beta of 1.19. The company’s 50 day simple moving average is $46.47 and its 200 day simple moving average is $42.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.94 and a quick ratio of 1.94.

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

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.