Seadrill Limited $SDRL Shares Sold by UBS Group AG

Key Points

• UBS Group AG trimmed its Seadrill stake by 4.4% in Q4, selling 136,372 shares and now owning 2,975,445 shares (about 4.77% of the company) valued at roughly $102.95 million.
• Seadrill beat Q4 expectations with EPS of $0.12 (vs. $0.07) and revenue of $362 million (vs. $335.36 million), but still reports a negative net margin and return on equity and carries a negative PE ratio (~-39.76).
• Analysts hold a consensus rating of Hold with a $51.40 target, while the stock trades near its 12‑month high (opened $49.30, 12‑month high $50.24) and has a market cap of about $3.08 billion.

UBS Group AG trimmed its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,975,445 shares of the oil and gas company's stock after selling 136,372 shares during the quarter. UBS Group AG owned about 4.77% of Seadrill worth $102,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Seadrill by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company's stock valued at $131,754,000 after purchasing an additional 23,672 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Seadrill by 4.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,556 shares of the oil and gas company's stock valued at $642,000 after purchasing an additional 716 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Seadrill by 20.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company's stock valued at $87,000 after purchasing an additional 422 shares in the last quarter. Hara Capital LLC boosted its holdings in Seadrill by 51.6% in the fourth quarter. Hara Capital LLC now owns 51,084 shares of the oil and gas company's stock valued at $1,768,000 after purchasing an additional 17,377 shares in the last quarter. Finally, Fluent Financial LLC acquired a new position in Seadrill in the fourth quarter valued at approximately $2,360,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Seadrill Price Performance

Seadrill stock opened at $49.30 on Friday. Seadrill Limited has a 12 month low of $22.10 and a 12 month high of $50.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.03 and a quick ratio of 2.03. The business has a 50 day simple moving average of $45.49 and a 200-day simple moving average of $37.91. The stock has a market capitalization of $3.08 billion, a PE ratio of -39.76 and a beta of 1.25.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $335.36 million. Equities analysts predict that Seadrill Limited will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays upped their price target on Seadrill from $39.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, March 2nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seadrill in a report on Thursday, April 2nd. Citigroup upped their price target on Seadrill from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Wednesday, April 15th. BTIG Research upped their price target on Seadrill from $50.00 to $55.00 and gave the company a "buy" rating in a report on Friday, April 17th. Finally, Wall Street Zen raised Seadrill from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.40.

Seadrill Company 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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