Nuveen LLC Purchases 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 Seadrill Limited (NYSE:SDRL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 272,231 shares of the oil and gas company's stock, valued at approximately $6,806,000. Nuveen LLC owned 0.44% of Seadrill at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in Seadrill by 30.8% in the first quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after buying an additional 845 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Seadrill by 1.8% in the first quarter. Principal Financial Group Inc. now owns 47,666 shares of the oil and gas company's stock worth $1,192,000 after acquiring an additional 863 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Seadrill by 7.3% in the first quarter. Janney Montgomery Scott LLC now owns 14,241 shares of the oil and gas company's stock worth $356,000 after acquiring an additional 973 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Seadrill by 412.2% in the first quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Caldwell Sutter Capital Inc. bought a new stake in shares of Seadrill in the first quarter worth about $30,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Seadrill Stock Up 0.7%

Shares of NYSE:SDRL traded up $0.22 during mid-day trading on Friday, reaching $31.92. 481,335 shares of the stock were exchanged, compared to its average volume of 890,878. 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 company has a market cap of $1.99 billion, a P/E ratio of 28.50 and a beta of 1.61. Seadrill Limited has a one year low of $17.74 and a one year high of $43.76. The stock's 50 day simple moving average is $29.17 and its 200-day simple moving average is $26.11.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly 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 the consensus estimate of $365.73 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. As a group, equities research analysts predict that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Ratings Changes

SDRL has been the subject of several recent analyst reports. Citigroup increased their price target on Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a report on Friday. Fearnley Fonds downgraded Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. BWS Financial restated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a report on Tuesday, May 13th. BTIG Research set a $28.00 price target on Seadrill in a report on Monday, May 5th. Finally, Zacks Research upgraded Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $49.33.

Seadrill 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.