First Eagle Investment Management LLC Has $2.12 Million Stock Position in Seadrill Limited $SDRL

First Eagle Investment Management LLC increased its stake in shares of Seadrill Limited (NYSE:SDRL) by 132.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,613 shares of the oil and gas company’s stock after purchasing an additional 46,000 shares during the period. First Eagle Investment Management LLC owned approximately 0.13% of Seadrill worth $2,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new position in Seadrill during the second quarter worth about $235,000. Nisa Investment Advisors LLC raised its position in shares of Seadrill by 3,024.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 21,718 shares of the oil and gas company’s stock valued at $570,000 after acquiring an additional 21,023 shares during the period. RFG Advisory LLC acquired a new stake in shares of Seadrill in the 2nd quarter valued at approximately $268,000. CWM LLC boosted its stake in Seadrill by 717.4% during the 2nd quarter. CWM LLC now owns 29,303 shares of the oil and gas company’s stock worth $769,000 after acquiring an additional 25,718 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Seadrill during the second quarter valued at approximately $320,000. Institutional investors own 95.67% of the company’s stock.

Seadrill Stock Performance

Shares of Seadrill stock opened at $28.51 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 25.45 and a beta of 1.59. The stock’s 50-day moving average is $31.38 and its 200-day moving average is $28.51. Seadrill Limited has a one year low of $17.74 and a one year high of $42.24.

Seadrill (NYSE:SDRL) last announced its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.43). The firm had revenue of $363.00 million during the quarter, compared to analyst estimates of $343.56 million. Seadrill had a net margin of 5.68% and a return on equity of 1.58%. Seadrill has set its FY 2025 guidance at EPS. Equities analysts predict that Seadrill Limited will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SDRL shares. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a report on Tuesday, November 4th. Barclays initiated coverage on shares of Seadrill in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $33.00 price objective for the company. Citigroup lifted their target price on Seadrill from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Fearnley Fonds downgraded Seadrill from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Zacks Research raised Seadrill from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.20.

About Seadrill

Seadrill Ltd. engages in the provision of offshore drilling services to the oil and gas industry. It operates through the following segments: Floaters, Jack-up rigs, and Other. The Floaters segment encompasses drilling, completion, and maintenance of offshore exploration and production wells. the Jack-up Rigs segment includes drilling contracts relate to jack-up rigs for operations in harsh and benign environments in shallow water.