SG Americas Securities LLC Sells 41,943 Shares of Seadrill Limited (NYSE:SDRL)

SG Americas Securities LLC lessened its stake in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 46.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,026 shares of the oil and gas company's stock after selling 41,943 shares during the period. SG Americas Securities LLC owned 0.07% of Seadrill worth $1,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SDRL. Headlands Technologies LLC bought a new stake in shares of Seadrill during the 4th quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 10,733.3% during the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock worth $33,000 after buying an additional 1,288 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Seadrill by 412.2% during the first quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after buying an additional 1,084 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Seadrill by 756.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after buying an additional 1,384 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Seadrill by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock worth $146,000 after buying an additional 354 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Seadrill Trading Down 0.3%

NYSE SDRL traded down $0.09 on Wednesday, reaching $28.47. The company had a trading volume of 1,621,291 shares, compared to its average volume of 963,179. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 14.88 and a beta of 1.55. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $56.46. The business has a 50 day moving average of $23.29 and a two-hundred day moving average of $29.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 2.01.

Seadrill (NYSE:SDRL - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The oil and gas company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.48). The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a net margin of 27.49% and a return on equity of 4.68%. Analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup upped their price target on shares of Seadrill from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday. BWS Financial restated a "buy" rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, May 13th. Finally, BTIG Research set a $28.00 price objective on Seadrill in a report on Monday, May 5th.

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.