UBS Group AG Cuts Stock Position in Seadrill Limited $SDRL

UBS Group AG lessened its stake in shares of Seadrill Limited (NYSE:SDRL – Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,975,445 shares of the oil and gas company’s stock after selling 136,372 shares during the quarter. UBS Group AG’s holdings in Seadrill were worth $102,950,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Seadrill by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,807,933 shares of the oil and gas company’s stock worth $131,754,000 after purchasing an additional 23,672 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Seadrill by 4.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,556 shares of the oil and gas company’s stock valued at $642,000 after buying an additional 716 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Seadrill by 20.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,508 shares of the oil and gas company’s stock valued at $87,000 after buying an additional 422 shares during the period. Hara Capital LLC lifted its holdings in shares of Seadrill by 51.6% in the 4th quarter. Hara Capital LLC now owns 51,084 shares of the oil and gas company’s stock valued at $1,768,000 after buying an additional 17,377 shares during the period. Finally, Fluent Financial LLC acquired a new position in Seadrill during the fourth quarter worth $2,360,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Seadrill Trading Down 0.8%

NYSE:SDRL opened at $49.30 on Friday. The stock has a fifty day moving average price of $45.49 and a two-hundred day moving average price of $37.91. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -39.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.03 and a current ratio of 2.03. Seadrill Limited has a 1 year low of $22.10 and a 1 year high of $50.24.

Seadrill (NYSE:SDRL – Get Free Report) last posted its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $362.00 million for the quarter, compared to analyst estimates of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. As a group, sell-side analysts anticipate that Seadrill Limited will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SDRL shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Seadrill in a research report on Thursday, April 2nd. BTIG Research increased their price objective on Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Citigroup increased their price objective on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seadrill has a consensus rating of “Hold” and an average target price of $51.40.

Get Our Latest Analysis on Seadrill

About Seadrill

(Free Report)

Seadrill Limited, trading on the New York Stock Exchange under the symbol SDRL, is a leading provider of offshore drilling services to the global oil and gas industry. The company specializes in the design, construction, deployment and operation of mobile offshore drilling units, serving major exploration and production companies with turnkey drilling solutions.

Seadrill’s fleet comprises ultra-deepwater drillships, semi-submersible rigs and high-specification jack-up units capable of operating in some of the world’s most challenging offshore environments.

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