Citigroup Inc. Has $4.33 Million Stock Holdings in Seadrill Limited $SDRL

Key Points

• Citigroup Inc. increased its stake in Seadrill by 390.8% in Q3, buying an extra 114,043 shares to hold 143,224 shares worth about $4.33 million (≈0.23% of the company).
• Seadrill beat recent quarterly estimates (EPS $0.12 vs. $0.07; revenue $362M vs. $335.36M) but still shows negative ROE and net margin, and analysts remain mixed — consensus rating "Hold" with a $45.20 target while several brokers (including Citigroup's research arm) have downgraded the stock.
• Institutional ownership is very high at 95.67%; the stock trades around $42.42 (1‑year range $17.74–$45.90), with a market cap of roughly $2.65 billion and a negative P/E of -34.21.

Citigroup Inc. boosted its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 390.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,224 shares of the oil and gas company's stock after purchasing an additional 114,043 shares during the quarter. Citigroup Inc. owned about 0.23% of Seadrill worth $4,327,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Seadrill during the second quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new position in Seadrill during the 2nd quarter valued at $42,000. Farther Finance Advisors LLC raised its stake in Seadrill by 19.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 343 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Seadrill in the 3rd quarter valued at $68,000. Finally, Amica Retiree Medical Trust grew its position in Seadrill by 13.7% in the 3rd quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company's stock worth $89,000 after purchasing an additional 355 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Seadrill Trading Down 1.2%

SDRL stock opened at $42.42 on Thursday. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $45.90. The company has a current ratio of 2.03, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $38.67 and its 200-day moving average is $33.81. The firm has a market cap of $2.65 billion, a P/E ratio of -34.21 and a beta of 1.45.

Seadrill (NYSE:SDRL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%.The business had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. Equities analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SDRL. Zacks Research lowered shares of Seadrill from a "hold" rating to a "strong sell" rating in a research report on Monday, February 16th. Barclays boosted their price target on Seadrill from $39.00 to $41.00 and gave the company an "equal weight" rating in a research note on Monday. Weiss Ratings downgraded Seadrill from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, January 6th. BTIG Research lifted their price objective on Seadrill from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, January 9th. Finally, Citigroup lowered Seadrill from a "neutral" rating to a "sell" rating and cut their target price for the company from $35.00 to $32.00 in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $45.20.

Seadrill Profile

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.

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