Nuveen LLC Buys Shares of 272,231 Seadrill Limited $SDRL

Key Points

• Nuveen LLC has acquired 272,231 shares of Seadrill Limited, valued at approximately $6.8 million, representing about 0.44% of the company.
• Seadrill's stock has fluctuated significantly, with a 12-month low of $17.74 and a high of $44.74, indicating volatility in its market performance.
• Analyst ratings for Seadrill show a consensus of "Hold"** with target prices ranging from $28.00 to $80.00, reflecting diverse opinions on the company's future outlook.

Nuveen LLC bought a new stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 272,231 shares of the oil and gas company's stock, valued at approximately $6,806,000. Nuveen LLC owned about 0.44% of Seadrill as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Seadrill during the 1st quarter valued at $314,000. Invesco Ltd. raised its position in shares of Seadrill by 50.8% during the 1st quarter. Invesco Ltd. now owns 81,184 shares of the oil and gas company's stock valued at $2,030,000 after acquiring an additional 27,337 shares during the last quarter. Hosking Partners LLP raised its position in shares of Seadrill by 8.2% during the 1st quarter. Hosking Partners LLP now owns 566,610 shares of the oil and gas company's stock valued at $14,165,000 after acquiring an additional 42,794 shares during the last quarter. Deutsche Bank AG raised its position in shares of Seadrill by 335.4% during the 1st quarter. Deutsche Bank AG now owns 253,365 shares of the oil and gas company's stock valued at $6,334,000 after acquiring an additional 195,174 shares during the last quarter. Finally, Cedar Wealth Management LLC bought a new stake in shares of Seadrill during the 1st quarter valued at $267,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup reiterated a "buy" rating and set a $36.00 target price (up previously from $35.00) on shares of Seadrill in a research report on Wednesday, June 18th. Fearnley Fonds lowered shares of Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Zacks Research raised shares of Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. BWS Financial reissued a "buy" rating and issued a $80.00 price target on shares of Seadrill in a report on Tuesday, May 13th. Finally, BTIG Research set a $28.00 price target on shares of Seadrill in a report on Monday, May 5th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $48.00.

Seadrill Price Performance

Shares of SDRL stock opened at $31.2380 on Monday. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $44.74. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 27.89 and a beta of 1.61. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $28.86 and a 200-day moving average of $26.14.

Seadrill (NYSE:SDRL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($1.36). The company had revenue of $377.00 million during the quarter, compared to analyst estimates of $365.73 million. Seadrill had a return on equity of 1.58% and a net margin of 5.68%. On average, equities research analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current 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.

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