Janney Montgomery Scott LLC increased its position in Seadrill Ltd (NASDAQ:SDRL) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 42,339 shares of the company’s stock after buying an additional 1,141 shares during the period. Janney Montgomery Scott LLC’s holdings in Seadrill were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc increased 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 during the period. Boothbay Fund Management LLC increased 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 during the period. WealthTrust Axiom LLC increased 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 during the period. BNP Paribas Arbitrage SA increased its stake in shares of Seadrill by 64.5% in the second quarter. BNP Paribas Arbitrage SA now owns 44,608 shares of the company’s stock valued at $145,000 after buying an additional 17,487 shares during the period. Finally, Svenska Handelsbanken AB publ acquired a new stake in shares of Seadrill during the second quarter valued at about $221,000.

Shares of Seadrill Ltd (NASDAQ:SDRL) traded up 2.45% during trading on Wednesday, hitting $2.09. 5,577,197 shares of the company traded hands. The firm has a 50 day moving average price of $2.54 and a 200-day moving average price of $3.26. Seadrill Ltd has a one year low of $1.57 and a one year high of $7.93. The stock’s market cap is $1.06 billion.

Seadrill (NASDAQ:SDRL) last posted its quarterly earnings results on Thursday, August 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.42 by $0.10. The company had revenue of $868 million for the quarter. Analysts predict that Seadrill Ltd will post $1.30 EPS for the current year.

Several analysts have issued reports on SDRL shares. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $1.00 price target on shares of Seadrill in a report on Friday, May 27th. Canaccord Genuity reaffirmed a “sell” rating on shares of Seadrill in a report on Sunday, May 29th. Bank of America Corp. reaffirmed a “sell” rating and issued a $1.70 price target on shares of Seadrill in a report on Sunday, May 29th. Zacks Investment Research downgraded shares of Seadrill from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. Finally, Evercore ISI reissued a “sell” rating on shares of Seadrill in a research note on Saturday, July 2nd. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Seadrill has an average rating of “Sell” and an average 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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