2 weeks Ago By Defense World Staff
Cerity Partners LLC lowered its stake in Seadrill Limited ( NYSE:SDRL – Free Report ) by 41.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,675 shares of the oil and gas company’s stock after selling 4,046 shares during the period.
Cerity Partners LLC’s holdings in Seadrill were worth $225,000 at the end of the most recent quarter. Several other institutional investors have also recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Seadrill by 48.
5% in the 3rd quarter. Barclays PLC now owns 930,942 shares of the oil and gas company’s stock valued at $36,996,000 after buying an additional 303,839 shares during the period. Franklin Resources Inc.
bought a new stake in Seadrill during the 3rd quarter worth about $2,488,000. JPMorgan Chase & Co. lifted its position in Seadrill by 25.
6% during the 3rd quarter. JPMorgan Chase & Co. now owns 88,039 shares of the oil and gas company’s stock valued at $3,499,000 after purchasing an additional 17,955 shares during the period.
SG Americas Securities LLC boosted its stake in shares of Seadrill by 261.5% in the 4th quarter. SG Americas Securities LLC now owns 89,969 shares of the oil and gas company’s stock valued at $3,502,000 after purchasing an additional 65,078 shares during the last quarter.
Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Seadrill during the 4th quarter worth approximately $517,000. Institutional investors own 95.67% of the company’s stock.
Analysts Set New Price Targets Several brokerages recently weighed in on SDRL. BWS Financial restated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Monday, March 3rd.
Citigroup reduced their price target on Seadrill from $46.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th.
Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $62.00.
Seadrill Stock Performance SDRL stock opened at $20.57 on Friday. Seadrill Limited has a 1-year low of $17.
74 and a 1-year high of $56.46. The company has a current ratio of 2.
53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.21.
The firm has a market cap of $1.28 billion, a PE ratio of 3.58 and a beta of 1.
41. The business’s 50-day moving average price is $23.96 and its two-hundred day moving average price is $33.
04. Seadrill ( NYSE:SDRL – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $1.
07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $1.41.
The business had revenue of $289.00 million during the quarter, compared to analyst estimates of $299.50 million.
Seadrill had a return on equity of 7.24% and a net margin of 27.79%.
As a group, research analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current year. About Seadrill ( Free Report ) 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. Featured Stories Five stocks we like better than Seadrill Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index 2 Strong Utilities Plays With Booming Earnings and Room to Grow ESG Stocks, What Investors Should Know Why Smart Investors Don’t Panic in Election Season How to Start Investing in Real Estate Now Is the Time to Buy ServiceNow—The Rebound Is Real Receive News & Ratings for Seadrill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seadrill and related companies with MarketBeat.com's FREE daily email newsletter .
.
