Seadrill Limited $SDRL Shares Sold by Savant Capital LLC

Savant Capital LLC lowered its stake in shares of Seadrill Limited (NYSE:SDRL) by 31.2% in the second quarter, HoldingsChannel.com reports. The firm 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 also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Seadrill by 30.8% during the first quarter. CWM LLC now owns 3,585 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 845 shares in the last quarter. LPL Financial LLC lifted its stake in Seadrill by 73.9% during the 1st quarter. LPL Financial LLC now owns 100,062 shares of the oil and gas company’s stock worth $2,502,000 after acquiring an additional 42,519 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Seadrill during the 1st quarter worth about $1,491,000. XTX Topco Ltd boosted its holdings in Seadrill by 232.2% during the 1st quarter. XTX Topco Ltd now owns 17,741 shares of the oil and gas company’s stock valued at $444,000 after acquiring an additional 12,401 shares during the period. Finally, Monaco Asset Management SAM acquired a new position in Seadrill in the 1st quarter valued at about $5,000,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

SDRL has been the topic of several research reports. Zacks Research cut shares of Seadrill from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 12th. BWS Financial reiterated a “buy” rating and set a $80.00 target price on shares of Seadrill in a report on Tuesday, November 11th. Fearnley Fonds cut shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Dnb Carnegie raised Seadrill to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, SEB Equity Research set a $33.00 price objective on Seadrill in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Seadrill currently has a consensus rating of “Hold” and an average price target of $43.00.

Seadrill Stock Up 2.6%

Shares of Seadrill stock opened at $31.44 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. Seadrill Limited has a 52-week low of $17.74 and a 52-week high of $41.84. The company has a market capitalization of $1.96 billion, a P/E ratio of 28.07 and a beta of 1.59. The company has a 50 day moving average of $31.07 and a 200 day moving average of $29.01.

Seadrill (NYSE:SDRL) last announced its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.17) earnings per share 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. As a group, research analysts forecast that Seadrill Limited will post 1.86 EPS for the current fiscal year.

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.