Ameriprise Financial Inc. Makes New Investment in Seadrill Limited (NYSE:SDRL)

Ameriprise Financial Inc. bought a new stake in Seadrill Limited (NYSE:SDRL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,506 shares of the oil and gas company's stock, valued at approximately $409,000.

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its stake in shares of Seadrill by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock valued at $283,000 after purchasing an additional 325 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Seadrill by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after buying an additional 354 shares during the period. Headlands Technologies LLC bought a new position in shares of Seadrill in the 4th quarter worth about $28,000. Sterling Capital Management LLC lifted its position in Seadrill by 756.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after acquiring an additional 1,384 shares during the period. Finally, Rhumbline Advisers boosted its stake in Seadrill by 2.0% during the fourth quarter. Rhumbline Advisers now owns 103,205 shares of the oil and gas company's stock worth $4,018,000 after acquiring an additional 2,050 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SDRL has been the subject of several recent research reports. Citigroup lowered their target price 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. BTIG Research set a $28.00 target price on Seadrill in a research note on Monday, May 5th. Finally, BWS Financial reaffirmed a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th.

Seadrill Stock Up 3.0%

Shares of NYSE:SDRL traded up $0.75 during trading on Friday, reaching $25.25. 539,917 shares of the stock traded hands, compared to its average volume of 968,167. The stock has a market cap of $1.57 billion, a P/E ratio of 4.40 and a beta of 1.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a 50-day moving average of $22.25 and a two-hundred day moving average of $29.83. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last issued its earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The business had revenue of $335.00 million during the quarter, compared to analysts' expectations of $325.69 million. As a group, sell-side analysts expect that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

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.