Seadrill Limited (NYSE:SDRL) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its position in shares of Seadrill Limited (NYSE:SDRL) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,081 shares of the oil and gas company’s stock after selling 451 shares during the period. Hsbc Holdings PLC’s holdings in Seadrill were worth $316,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Seadrill by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company’s stock valued at $134,677,000 after buying an additional 384,471 shares in the last quarter. Barclays PLC boosted its stake in Seadrill by 48.5% in the third quarter. Barclays PLC now owns 930,942 shares of the oil and gas company’s stock valued at $36,996,000 after acquiring an additional 303,839 shares in the last quarter. Norges Bank purchased a new position in shares of Seadrill during the fourth quarter worth about $33,104,000. Geode Capital Management LLC lifted its holdings in shares of Seadrill by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 833,388 shares of the oil and gas company’s stock valued at $32,444,000 after purchasing an additional 7,041 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Seadrill by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 540,864 shares of the oil and gas company’s stock valued at $21,056,000 after purchasing an additional 16,230 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on SDRL shares. Citigroup cut 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. BTIG Research set a $28.00 target price on shares of Seadrill in a report on Monday. Finally, BWS Financial reiterated a “buy” rating and set a $80.00 price target on shares of Seadrill in a research note on Monday, March 3rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $55.20.

Seadrill Trading Up 0.5 %

NYSE:SDRL opened at $23.93 on Friday. Seadrill Limited has a 12-month low of $17.74 and a 12-month 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 stock’s 50 day simple moving average is $22.50 and its 200-day simple moving average is $31.87. The firm has a market cap of $1.49 billion, a P/E ratio of 4.17 and a beta of 1.48.

Seadrill (NYSE:SDRL) last announced 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. Seadrill had a net margin of 27.79% and a return on equity of 7.24%. The company had revenue of $289.00 million for the quarter, compared to analysts’ expectations of $299.50 million. Equities analysts anticipate that Seadrill Limited will post 1.86 EPS for the current year.

Seadrill Company Profile

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.