Seadrill Limited (NYSE:SDRL) Stock Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 46.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.07% of Seadrill worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SDRL. Headlands Technologies LLC purchased a new stake in Seadrill during the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its position in shares of Seadrill by 10,733.3% in the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock valued at $33,000 after buying an additional 1,288 shares in the last quarter. Versant Capital Management Inc increased its stake in Seadrill by 412.2% during the 1st 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 raised its holdings in Seadrill by 756.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after acquiring an additional 1,384 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Seadrill by 10.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company's stock valued at $146,000 after purchasing an additional 354 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SDRL shares. BTIG Research set a $28.00 price objective on Seadrill in a report on Monday, May 5th. BWS Financial reissued a "buy" rating and set a $80.00 price objective on shares of Seadrill in a report on Tuesday, May 13th. Finally, Citigroup reiterated a "buy" rating and issued a $36.00 price objective (up previously from $35.00) on shares of Seadrill in a research note on Wednesday.

Seadrill Trading Down 2.1%

Seadrill stock traded down $0.60 during trading on Friday, reaching $27.87. The company had a trading volume of 1,012,830 shares, compared to its average volume of 1,009,951. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 5.27 and a beta of 1.55. The stock's 50 day moving average price is $23.64 and its two-hundred day moving average price is $28.98. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.01 and a current ratio of 2.01.

Seadrill (NYSE:SDRL - Get Free Report) last posted its 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). The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $325.69 million. Seadrill had a return on equity of 4.68% and a net margin of 27.49%. As a group, equities analysts expect 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.