Deutsche Bank AG lifted its position in shares of Seadrill Ltd (NYSE:SDRL) by 44.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 154,734 shares of the oil and gas company’s stock after purchasing an additional 47,730 shares during the period. Deutsche Bank AG’s holdings in Seadrill were worth $1,508,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Seadrill during the 4th quarter valued at $94,000. Blueshift Asset Management LLC purchased a new position in shares of Seadrill during the 4th quarter valued at $236,000. Neuberger Berman Group LLC purchased a new position in shares of Seadrill during the 3rd quarter valued at $280,000. BlackRock Inc. purchased a new position in shares of Seadrill during the 4th quarter valued at $312,000. Finally, Bank of America Corp DE lifted its stake in shares of Seadrill by 42.6% during the 4th quarter. Bank of America Corp DE now owns 45,272 shares of the oil and gas company’s stock valued at $441,000 after buying an additional 13,535 shares in the last quarter. Institutional investors own 8.94% of the company’s stock.
SDRL opened at $7.27 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 5.96 and a quick ratio of 5.96. Seadrill Ltd has a fifty-two week low of $6.80 and a fifty-two week high of $26.72.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Other. The Floaters segment offers drilling, completion, and maintenance services for offshore exploration and production wells.
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