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

Boothbay Fund Management LLC trimmed its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 28.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.11% of Seadrill worth $3,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SDRL. Barclays PLC boosted its position in Seadrill by 48.5% during the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company's stock worth $36,996,000 after acquiring an additional 303,839 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Seadrill during the third quarter worth $2,488,000. JPMorgan Chase & Co. boosted its holdings in shares of Seadrill by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 88,039 shares of the oil and gas company's stock worth $3,499,000 after purchasing an additional 17,955 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Seadrill by 261.5% in the fourth quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company's stock valued at $3,502,000 after purchasing an additional 65,078 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Seadrill in the fourth quarter valued at $517,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Trading Up 0.6 %

NYSE:SDRL traded up $0.14 on Friday, hitting $22.53. 820,761 shares of the stock were exchanged, compared to its average volume of 958,098. The stock has a market cap of $1.40 billion, a PE ratio of 3.93 and a beta of 1.41. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $56.46. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $22.70 and a 200-day moving average of $32.25.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings results 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. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The firm had revenue of $289.00 million for the quarter, compared to analyst estimates of $299.50 million. As a group, equities analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SDRL shares. BWS Financial reissued a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research note on Monday, March 3rd. Citigroup decreased their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $62.00.

Seadrill Company 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.