4 days Ago By Defense World Staff
Alliancebernstein L.P. decreased its position in Seadrill Limited (NYSE:SDRL – Free Report) by 6.
2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,020 shares of the oil and gas company’s stock after selling 5,250 shares during the period. Alliancebernstein L.
P. owned 0.11% of Seadrill worth $3,076,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Seadrill by 10.
4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,754 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 354 shares during the period.
Cibc World Markets Corp purchased a new stake in Seadrill in the 4th quarter worth approximately $253,000. Entropy Technologies LP bought a new position in Seadrill in the 4th quarter worth about $288,000. Robotti Robert purchased a new stake in Seadrill in the fourth quarter valued at approximately $313,000.
Finally, Meeder Asset Management Inc. purchased a new stake in Seadrill during the fourth quarter valued at about $343,000. Institutional investors own 95.
67% of the company’s stock. Seadrill Stock Down 0.1 %Shares of Seadrill stock opened at $18.
99 on Wednesday. The stock has a market capitalization of $1.18 billion, a PE ratio of 3.
31 and a beta of 1.41. The company has a 50-day simple moving average of $25.
68 and a two-hundred day simple moving average of $34.00. Seadrill Limited has a 52-week low of $17.
74 and a 52-week high of $56.46. The company has a debt-to-equity ratio of 0.
21, a quick ratio of 2.53 and a current ratio of 2.53.
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 for the quarter, beating analysts’ consensus estimates of ($0.
34) by $1.41. The company had revenue of $289.
00 million for the quarter, compared to the consensus estimate of $299.50 million. Seadrill had a net margin of 27.
79% and a return on equity of 7.24%. On average, analysts anticipate that Seadrill Limited will post 1.
86 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthA number of brokerages recently commented on SDRL. BWS Financial reiterated a “buy” rating and issued a $80.
00 target price on shares of Seadrill in a research report on Monday, March 3rd. Citigroup decreased their price target on shares of Seadrill from $46.00 to $35.
00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $62.
00.Get Our Latest Analysis on SeadrillSeadrill Profile (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.
See AlsoFive stocks we like better than SeadrillBest ESG Stocks: 11 Best Stocks for ESG InvestingBeware of BigBear.ai: Insiders Are Selling—Should You?What is MarketRank? How to Use itCrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsHow is Compound Interest Calculated?Congress! Who Traded What During the Tariff-Induced Meltdown Want to see what other hedge funds are holding SDRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seadrill Limited (NYSE:SDRL – Free Report).
.
