Seadrill Limited (NYSE:SDRL) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 547.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,615 shares of the oil and gas company's stock after buying an additional 13,204 shares during the period. Exchange Traded Concepts LLC's holdings in Seadrill were worth $390,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Seadrill in the 4th quarter valued at approximately $28,000. Caldwell Sutter Capital Inc. purchased a new position in shares of Seadrill in the 1st quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its stake in shares of Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 1,288 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Seadrill by 412.2% in the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock valued at $34,000 after purchasing an additional 1,084 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Seadrill by 756.3% in 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 purchasing an additional 1,384 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SDRL. BTIG Research set a $28.00 target price on Seadrill in a research note on Monday, May 5th. BWS Financial reiterated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Finally, Citigroup reiterated a "buy" rating and issued a $36.00 target price (up from $35.00) on shares of Seadrill in a research note on Wednesday.

Seadrill Price Performance

Shares of Seadrill stock traded down $0.44 during trading on Friday, reaching $28.03. The company's stock had a trading volume of 6,830,170 shares, compared to its average volume of 1,022,781. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The company has a market capitalization of $1.74 billion, a P/E ratio of 5.30 and a beta of 1.55. The business has a 50 day moving average price of $23.80 and a 200-day moving average price of $28.82.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly 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 net margin of 27.49% and a return on equity of 4.68%. 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 anticipate that Seadrill Limited will post 1.86 EPS for the current 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.