Seadrill Ltd (NASDAQ:SDRL) shares gapped down prior to trading on Friday . The stock had previously closed at $0.26, but opened at $0.25. Seadrill shares last traded at $0.25, with a volume of 9,145,429 shares changing hands.

A number of research analysts recently weighed in on the company. Zacks Investment Research downgraded Seadrill from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Societe Generale downgraded Seadrill from a “hold” rating to a “sell” rating in a research note on Wednesday, May 31st.

The company’s market cap is $119.35 million. The firm’s 50-day moving average price is $0.28 and its 200 day moving average price is $0.63.

A number of hedge funds and other institutional investors have recently modified their holdings of SDRL. Shah Capital Management boosted its position in Seadrill by 36.3% during the second quarter. Shah Capital Management now owns 7,089,967 shares of the company’s stock valued at $2,556,000 after purchasing an additional 1,887,000 shares during the last quarter. LMR Partners LLP boosted its position in Seadrill by 2,004.1% during the second quarter. LMR Partners LLP now owns 1,597,477 shares of the company’s stock valued at $576,000 after purchasing an additional 1,521,556 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Seadrill by 2.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 396,276 shares of the company’s stock valued at $143,000 after purchasing an additional 8,067 shares during the last quarter. Van ECK Associates Corp boosted its position in Seadrill by 23.7% during the second quarter. Van ECK Associates Corp now owns 7,128,920 shares of the company’s stock valued at $2,571,000 after purchasing an additional 1,366,977 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in Seadrill during the second quarter valued at approximately $196,000.

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Seadrill Company Profile

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-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments.

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