Jane Street Group LLC Sells 29,302 Shares of Seadrill Limited (NYSE:SDRL)

Jane Street Group LLC lessened its stake in Seadrill Limited (NYSE:SDRL - Free Report) by 23.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.13% of Seadrill worth $3,741,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SDRL. Headlands Technologies LLC purchased a new position in Seadrill in the 4th quarter valued at approximately $28,000. Sterling Capital Management LLC grew its stake 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 buying an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 buying an additional 354 shares in the last quarter. Cibc World Markets Corp purchased a new position in Seadrill in the 4th quarter valued at approximately $253,000. Finally, Summit Investment Advisors Inc. grew its stake in Seadrill by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock valued at $283,000 after buying an additional 325 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SDRL shares. Citigroup reduced their price target on shares of Seadrill from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 19th. BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday. Finally, BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th.

Seadrill Trading Down 2.4%

SDRL stock traded down $0.60 during trading on Friday, reaching $24.23. The company had a trading volume of 368,929 shares, compared to its average volume of 963,632. Seadrill Limited has a 52 week low of $17.74 and a 52 week high of $56.46. The company has a market cap of $1.51 billion, a P/E ratio of 4.22 and a beta of 1.48. The business has a 50 day moving average of $22.59 and a 200 day moving average of $31.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick 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 return on equity of 7.24% and a net margin of 27.79%. The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. As a group, sell-side analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Seadrill Company 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.