Barclays PLC Trims Stock Holdings in Seadrill Limited (NYSE:SDRL)

Barclays PLC lessened its holdings in Seadrill Limited (NYSE:SDRL - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 845,120 shares of the oil and gas company's stock after selling 85,822 shares during the quarter. Barclays PLC owned 1.15% of Seadrill worth $32,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SDRL. Headlands Technologies LLC acquired a new stake in Seadrill during the 4th quarter worth approximately $28,000. Sterling Capital Management LLC lifted its holdings in shares of Seadrill by 756.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock worth $61,000 after purchasing an additional 1,384 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 in the last quarter. Cibc World Markets Corp bought a new position in Seadrill during the 4th quarter valued at $253,000. Finally, Summit Investment Advisors Inc. lifted its position in shares of Seadrill by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock worth $283,000 after buying an additional 325 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

SDRL has been the topic of several recent research reports. BWS Financial reaffirmed a "buy" rating and set a $80.00 price objective on shares of Seadrill in a report on Monday, March 3rd. Citigroup reduced their target price on Seadrill from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $62.00.

Seadrill Trading Up 0.8 %

Shares of NYSE:SDRL traded up $0.17 during trading on Thursday, hitting $20.65. The company had a trading volume of 96,016 shares, compared to its average volume of 944,750. The company has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $33.04. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 3.59 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. Seadrill Limited has a one year low of $17.74 and a one year high of $56.46.

Seadrill (NYSE:SDRL - Get Free Report) 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, topping the consensus estimate of ($0.34) by $1.41. Seadrill had a return on equity of 7.24% and a net margin of 27.79%. The company had revenue of $289.00 million for the quarter, compared to analysts' expectations of $299.50 million. As a group, equities analysts forecast that Seadrill Limited will post 1.86 earnings per share for the current year.

About Seadrill

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.