Today, Camelot Portfolios LLC decides to keep it stake in Seadrill Ltd (SDRL) to the level of $359,000

Today, Camelot Portfolios LLC decides to keep it stake in Seadrill Ltd (SDRL) to the level of $359,000
Camelot Portfolios LLC cut its stake in Seadrill Ltd (NASDAQ:SDRL) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,396 shares of the company’s stock after selling 4,042 shares during the period. Camelot Portfolios LLC’s holdings in Seadrill were worth $359,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SDRL. Commonwealth Equity Services Inc raised its stake in shares of Seadrill by 4.4% in the second quarter. Commonwealth Equity Services Inc now owns 32,111 shares of the company’s stock valued at $104,000 after buying an additional 1,343 shares in the last quarter. Boothbay Fund Management LLC raised its stake in shares of Seadrill by 144.0% in the first quarter. Boothbay Fund Management LLC now owns 32,610 shares of the company’s stock valued at $108,000 after buying an additional 19,247 shares in the last quarter. WealthTrust Axiom LLC raised its stake in shares of Seadrill by 28.2% in the second quarter. WealthTrust Axiom LLC now owns 40,900 shares of the company’s stock valued at $132,000 after buying an additional 9,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Seadrill by 28.3% in the third quarter. BNP Paribas Arbitrage SA now owns 57,254 shares of the company’s stock valued at $136,000 after buying an additional 12,646 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Seadrill by 2.8% in the second quarter. Janney Montgomery Scott LLC now owns 42,339 shares of the company’s stock valued at $144,000 after buying an additional 1,141 shares in the last quarter.

Seadrill Ltd (NASDAQ:SDRL) opened at 2.74 on Friday. Seadrill Ltd has a one year low of $1.57 and a one year high of $7.49. The stock’s 50 day moving average price is $2.34 and its 200-day moving average price is $2.78. The firm’s market capitalization is $1.39 billion.

Seadrill (NASDAQ:SDRL) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.06. The business earned $743 million during the quarter, compared to the consensus estimate of $721.81 million. The business’s quarterly revenue was down 24.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, equities research analysts anticipate that Seadrill Ltd will post $1.25 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on SDRL shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $7.50 target price on shares of Seadrill in a research report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $1.00 target price on shares of Seadrill in a research report on Monday, September 26th. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Seadrill in a research report on Thursday, September 22nd. Canaccord Genuity reaffirmed a “sell” rating on shares of Seadrill in a research report on Wednesday, September 7th. Finally, Evercore ISI set a $2.00 target price on Seadrill and gave the stock a “sell” rating in a research report on Sunday, August 28th. Five analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Seadrill presently has an average rating of “Sell” and a consensus price target of $3.05.

About Seadrill

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments.

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