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

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

Several other hedge funds also recently modified their holdings of SDRL. Headlands Technologies LLC bought a new position in shares of Seadrill in the 4th quarter valued at about $28,000. Farther Finance Advisors LLC boosted its stake in shares of Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,288 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Seadrill by 412.2% in the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,084 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of 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 purchasing an additional 1,384 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of 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 Ratings Changes

A number of analysts recently weighed in on SDRL shares. BWS Financial reiterated a “buy” rating and issued a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th. BTIG Research set a $28.00 price objective on shares of Seadrill in a report on Monday, May 5th. Finally, Citigroup decreased their target price on shares of Seadrill from $46.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th.

Seadrill Trading Down 0.2%

SDRL stock opened at $29.11 on Tuesday. 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 company has a fifty day moving average price of $23.15 and a two-hundred day moving average price of $29.15. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 5.07 and a beta of 1.55.

Seadrill (NYSE:SDRL) last announced 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 during the quarter, compared to the consensus estimate of $325.69 million. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. Equities analysts anticipate that Seadrill Limited will post 1.86 EPS for the current year.

About Seadrill

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.