Seadrill Ltd (NYSE:SDRL) reached a new 52-week low on Tuesday . The company traded as low as $14.34 and last traded at $14.50, with a volume of 11539 shares. The stock had previously closed at $16.44.
Separately, BTIG Research started coverage on shares of Seadrill in a research note on Wednesday, October 24th. They set a “buy” rating on the stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Man Group plc bought a new position in shares of Seadrill during the third quarter valued at $139,080,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Seadrill during the third quarter valued at $37,675,000. Odey Asset Management Group Ltd bought a new position in shares of Seadrill during the third quarter valued at $31,042,000. Lansdowne Partners UK LLP bought a new position in shares of Seadrill during the third quarter valued at $23,340,000. Finally, DNB Asset Management AS bought a new position in shares of Seadrill during the third quarter valued at $12,191,000. Hedge funds and other institutional investors 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.
Further Reading: Market Capitalization in the Stock Market
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