SG Americas Securities LLC Grows Holdings in Seadrill Limited $SDRL

SG Americas Securities LLC lifted its stake in shares of Seadrill Limited (NYSE:SDRL) by 725.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,474 shares of the oil and gas company’s stock after buying an additional 89,185 shares during the quarter. SG Americas Securities LLC owned approximately 0.16% of Seadrill worth $4,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SDRL. Raymond James Financial Inc. bought a new position in Seadrill during the 2nd quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new position in Seadrill during the 2nd quarter worth $42,000. Aquatic Capital Management LLC bought a new stake in shares of Seadrill in the 3rd quarter worth about $44,000. CIBC Private Wealth Group LLC bought a new stake in shares of Seadrill in the 3rd quarter worth about $61,000. Finally, Farther Finance Advisors LLC raised its stake 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 purchasing an additional 422 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Seadrill from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Fearnley Fonds raised Seadrill from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Zacks Research upgraded Seadrill from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. BTIG Research increased their target price on Seadrill from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Citigroup lifted their target price on Seadrill from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Seadrill Stock Down 1.0%

Shares of Seadrill stock opened at $38.65 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. The business’s 50 day simple moving average is $46.47 and its 200-day simple moving average is $42.30. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -34.51 and a beta of 1.19. Seadrill Limited has a twelve month low of $25.73 and a twelve month high of $55.47.

Seadrill (NYSE:SDRL) last released its quarterly earnings data on Monday, May 11th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The company had revenue of $358.00 million for the quarter, compared to analyst estimates of $326.75 million. Seadrill had a negative net margin of 4.79% and a negative return on equity of 1.84%. Equities research analysts forecast that Seadrill Limited will post 0.04 earnings per share for the current year.

Seadrill Company 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.