Seadrill Limited $SDRL Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Seadrill Limited (NYSE:SDRL) by 31.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,163 shares of the oil and gas company’s stock after selling 5,061 shares during the period. Savant Capital LLC’s holdings in Seadrill were worth $293,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Seadrill in a research note on Wednesday, October 8th. Dnb Carnegie upgraded shares of Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. SEB Equity Research set a $33.00 price objective on shares of Seadrill in a research note on Monday, September 1st. BWS Financial reiterated a “buy” rating and issued a $80.00 price objective on shares of Seadrill in a report on Tuesday, November 11th. Finally, Barclays lowered their target price on Seadrill from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Seadrill has a consensus rating of “Hold” and an average target price of $43.00.

Seadrill Stock Up 2.6%

SDRL stock opened at $31.44 on Wednesday. Seadrill Limited has a one year low of $17.74 and a one year high of $41.84. The firm has a market cap of $1.96 billion, a PE ratio of 28.07 and a beta of 1.59. The firm’s 50 day moving average price is $31.07 and its 200-day moving average price is $29.01. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.87 and a current ratio of 1.87.

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

Seadrill Profile

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.