Seadrill Limited (NYSE:SDRL) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 59.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 656,908 shares of the oil and gas company's stock after buying an additional 245,385 shares during the quarter. Nuveen Asset Management LLC owned 0.89% of Seadrill worth $25,573,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SDRL. Headlands Technologies LLC acquired a new stake in shares of Seadrill during the 4th quarter worth approximately $28,000. Sterling Capital Management LLC grew its stake in shares of Seadrill by 756.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after purchasing an additional 1,384 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Seadrill by 10.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after purchasing an additional 354 shares during the period. Crestline Management LP acquired a new stake in shares of Seadrill during the 4th quarter worth approximately $216,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Seadrill during the 4th quarter worth approximately $253,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BWS Financial reaffirmed a "buy" rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, May 13th. Citigroup dropped their price objective 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. Finally, BTIG Research set a $28.00 price objective on shares of Seadrill in a research note on Monday, May 5th.

Seadrill Price Performance

Seadrill stock traded up $0.28 during trading on Monday, reaching $23.10. The company had a trading volume of 470,247 shares, compared to its average volume of 966,962. The firm's 50-day simple moving average is $22.48 and its 200 day simple moving average is $30.78. Seadrill Limited has a 1-year low of $17.74 and a 1-year high of $56.46. The firm has a market capitalization of $1.44 billion, a PE ratio of 4.03 and a beta of 1.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.53 and a current 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The company had revenue of $335.00 million during the quarter, compared to analyst estimates of $325.69 million. As a group, equities research analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

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.