Boothbay Fund Management LLC Decreases Stake in Seadrill Limited (NYSE:SDRL)

Boothbay Fund Management LLC reduced its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,041 shares of the oil and gas company's stock after selling 31,283 shares during the quarter. Boothbay Fund Management LLC owned 0.11% of Seadrill worth $3,077,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Dauntless Investment Group LLC acquired a new stake in Seadrill during the 4th quarter worth approximately $504,000. Webs Creek Capital Management LP lifted its holdings in Seadrill by 22.2% during the 4th quarter. Webs Creek Capital Management LP now owns 892,061 shares of the oil and gas company's stock worth $34,728,000 after buying an additional 161,882 shares in the last quarter. Orvieto Partners L.P. acquired a new stake in Seadrill during the 4th quarter worth approximately $4,672,000. Adage Capital Partners GP L.L.C. increased its position in shares of Seadrill by 10.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock valued at $133,498,000 after purchasing an additional 320,392 shares during the last quarter. Finally, Yaupon Capital Management LP grew its stake in shares of Seadrill by 80.2% during the fourth quarter. Yaupon Capital Management LP now owns 541,250 shares of the oil and gas company's stock worth $21,071,000 after purchasing an additional 240,901 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SDRL shares. BWS Financial reaffirmed a "buy" rating and set a $80.00 price target on shares of Seadrill in a report on Monday, March 3rd. Citigroup decreased their price target on 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 data from MarketBeat, the company has an average rating of "Buy" and an average price target of $62.00.

Seadrill Stock Performance

SDRL traded down $0.42 on Wednesday, hitting $20.58. 1,154,115 shares of the company traded hands, compared to its average volume of 954,986. The company has a 50 day moving average of $23.12 and a 200-day moving average of $32.55. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.28 billion, a PE ratio of 3.59 and a beta of 1.41. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46.

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