Janney Montgomery Scott LLC Has $356,000 Stock Holdings in Seadrill Limited (NYSE:SDRL)

Janney Montgomery Scott LLC lifted its position in shares of Seadrill Limited (NYSE:SDRL) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,241 shares of the oil and gas company’s stock after purchasing an additional 973 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Seadrill were worth $356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in shares of Seadrill by 547.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 15,615 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 13,204 shares in the last quarter. Caldwell Sutter Capital Inc. bought a new position in Seadrill in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its stake in Seadrill by 10,733.3% in the first quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,288 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Seadrill by 4,509.4% in the first quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company’s stock valued at $184,000 after buying an additional 7,215 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Seadrill by 412.2% during the first quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 1,084 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SDRL shares. Citigroup reaffirmed a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Seadrill in a research report on Wednesday, June 18th. BTIG Research set a $28.00 price target on Seadrill in a research note on Monday, May 5th. Finally, BWS Financial reaffirmed a “buy” rating and set a $80.00 price objective on shares of Seadrill in a research report on Tuesday, May 13th.

Seadrill Price Performance

NYSE SDRL opened at $29.11 on Friday. The firm’s 50 day moving average is $25.18 and its 200-day moving average is $28.14. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.81 billion, a PE ratio of 5.50 and a beta of 1.60. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $56.46.

Seadrill (NYSE:SDRL) last released its earnings results on Monday, May 12th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.48). Seadrill had a net margin of 27.49% and a return on equity of 4.68%. The business had revenue of $335.00 million during the quarter, compared to the consensus estimate of $325.69 million. Equities research analysts anticipate that Seadrill Limited will post 1.86 earnings per share for the current fiscal 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.