Jane Street Group LLC Reduces Position in Seadrill Limited (NYSE:SDRL)

Jane Street Group LLC decreased its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,103 shares of the oil and gas company's stock after selling 29,302 shares during the quarter. Jane Street Group LLC owned about 0.13% of Seadrill worth $3,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Seadrill in the fourth quarter worth $28,000. Sterling Capital Management LLC increased its holdings in 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 during the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 during the last quarter. Cibc World Markets Corp acquired a new position in Seadrill during the fourth quarter worth $253,000. Finally, Summit Investment Advisors Inc. increased its holdings in Seadrill by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock worth $283,000 after buying an additional 325 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

Seadrill Price Performance

Shares of SDRL traded down $0.60 during midday trading on Friday, hitting $24.23. 368,929 shares of the company traded hands, compared to its average volume of 965,326. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a 50-day moving average of $22.59 and a 200-day moving average of $31.31. The firm has a market cap of $1.51 billion, a P/E ratio of 4.22 and a beta of 1.48. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.48). The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. As a group, sell-side analysts predict that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SDRL. BTIG Research set a $28.00 price objective on shares of Seadrill in a research report on Monday, May 5th. Citigroup cut their target price on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, BWS Financial restated a "buy" rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th.

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.