Citigroup Inc. Has $4.33 Million Stock Holdings in Seadrill Limited $SDRL

Citigroup Inc. increased its stake in shares of Seadrill Limited (NYSE:SDRL) by 390.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,224 shares of the oil and gas company’s stock after buying an additional 114,043 shares during the period. Citigroup Inc.’s holdings in Seadrill were worth $4,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDRL. Raymond James Financial Inc. bought a new position in shares of Seadrill in the second quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Seadrill in the second quarter valued at approximately $42,000. Farther Finance Advisors LLC increased its holdings in shares of Seadrill by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 2,086 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 343 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Seadrill in the 3rd quarter worth approximately $68,000. Finally, Amica Retiree Medical Trust lifted its holdings in Seadrill by 13.7% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,942 shares of the oil and gas company’s stock worth $89,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Seadrill Trading Down 1.2%

NYSE SDRL opened at $42.42 on Thursday. The stock has a 50-day simple moving average of $38.67 and a 200 day simple moving average of $33.81. The company has a market capitalization of $2.65 billion, a PE ratio of -34.21 and a beta of 1.45. The company has a current ratio of 2.03, a quick ratio of 1.89 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $45.90.

Seadrill (NYSE:SDRL) last issued its earnings results on Wednesday, February 25th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $335.36 million. Seadrill had a negative return on equity of 2.07% and a negative net margin of 5.36%. Research analysts forecast that Seadrill Limited will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SDRL shares. Weiss Ratings cut Seadrill from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 6th. Zacks Research cut Seadrill from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. BTIG Research boosted their price objective on Seadrill from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Barclays upped their target price on shares of Seadrill from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, BWS Financial reiterated a “buy” rating and set a $80.00 price target on shares of Seadrill in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Seadrill presently has an average rating of “Hold” and a consensus price target of $45.20.

Seadrill Profile

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.