Seadrill Limited (NYSE:SDRL) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 588,847 shares of the oil and gas company's stock after selling 556,853 shares during the quarter. Balyasny Asset Management L.P. owned 0.80% of Seadrill worth $22,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SDRL. Dimensional Fund Advisors LP boosted its stake in shares of Seadrill by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company's stock worth $134,677,000 after acquiring an additional 384,471 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Seadrill by 10.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock worth $133,498,000 after purchasing an additional 320,392 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Seadrill during the fourth quarter worth $66,400,000. Third Point LLC acquired a new stake in shares of Seadrill in the fourth quarter valued at about $39,903,000. Finally, Barclays PLC lifted its stake 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 buying an additional 303,839 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

SDRL has been the subject of a number of recent research reports. BTIG Research set a $28.00 target price on Seadrill in a research note on Monday. BWS Financial restated a "buy" rating and set a $80.00 price objective on shares of Seadrill in a research report on Monday, March 3rd. Finally, Citigroup dropped their price target on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, March 19th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $55.20.

Seadrill Trading Up 0.5 %

SDRL stock traded up $0.12 during mid-day trading on Friday, hitting $23.93. 822,956 shares of the company were exchanged, compared to its average volume of 963,959. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The firm has a market capitalization of $1.49 billion, a P/E ratio of 4.17 and a beta of 1.48. The business has a fifty day simple moving average of $22.50 and a 200-day simple moving average of $31.87. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL - Get Free Report) last posted its earnings results on Wednesday, February 26th. The oil and gas company reported $1.07 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $1.41. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The firm had revenue of $289.00 million during the quarter, compared to the consensus estimate of $299.50 million. On average, equities research analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Seadrill Profile

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.