Seadrill (SDRL) Sets New 52-Week Low at $13.74

Shares of Seadrill Ltd (NYSE:SDRL) reached a new 52-week low on Friday . The company traded as low as $13.74 and last traded at $13.68, with a volume of 5501 shares trading hands. The stock had previously closed at $14.72.

Separately, BTIG Research began coverage on shares of Seadrill in a research note on Wednesday, October 24th. They set a “buy” rating for the company.

A number of large investors have recently added to or reduced their stakes in SDRL. DNB Asset Management AS bought a new stake in Seadrill during the 3rd quarter valued at about $12,191,000. Cullen Frost Bankers Inc. increased its stake in Seadrill by 146.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 33,446 shares of the oil and gas company’s stock valued at $829,000 after purchasing an additional 19,898 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Seadrill by 34.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 347,008 shares of the oil and gas company’s stock valued at $8,599,000 after purchasing an additional 87,992 shares in the last quarter. Folketrygdfondet bought a new stake in Seadrill during the 3rd quarter valued at about $6,307,000. Finally, City Financial Investment Co Ltd bought a new stake in Seadrill during the 3rd quarter valued at about $6,001,000. Institutional investors and hedge funds own 0.93% of the company’s stock.

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Seadrill Company Profile (NYSE:SDRL)

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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