Ameriprise Financial Inc. Takes $409,000 Position in Seadrill Limited (NYSE:SDRL)

Ameriprise Financial Inc. purchased a new position in shares of Seadrill Limited (NYSE:SDRL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,506 shares of the oil and gas company's stock, valued at approximately $409,000.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Seadrill in the fourth quarter worth $28,000. Sterling Capital Management LLC increased its stake in shares of Seadrill by 756.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after buying an additional 1,384 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Seadrill by 10.4% in the fourth 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. Cibc World Markets Corp purchased a new position in shares of Seadrill in the fourth quarter worth $253,000. Finally, Summit Investment Advisors Inc. increased its stake in shares of Seadrill by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock worth $283,000 after buying an additional 325 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SDRL. BWS Financial reaffirmed a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. BTIG Research set a $28.00 target price on shares of Seadrill in a research note on Monday, May 5th. Finally, 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 note on Wednesday, March 19th.

Seadrill Trading Up 3.0%

NYSE:SDRL traded up $0.75 during trading hours on Friday, hitting $25.25. The company had a trading volume of 539,917 shares, compared to its average volume of 970,465. The company has a market capitalization of $1.57 billion, a PE ratio of 4.40 and a beta of 1.55. The stock has a 50-day moving average price of $22.25 and a 200 day moving average price of $29.66. Seadrill Limited has a 52 week low of $17.74 and a 52 week high of $56.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.48). The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. On average, equities research analysts predict that Seadrill Limited will post 1.86 EPS for the current fiscal year.

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.