Charles Schwab Investment Management Inc. Reduces Stake in Seadrill Limited $SDRL

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Seadrill Limited by 5.3%, holding 158,875 shares valued at approximately $3.97 million as of the last quarter.
• Seadrill's latest earnings report showed a loss of ($0.68) EPS, missing analyst expectations, despite revenue of $377 million exceeding estimates.
• Institutional ownership of Seadrill stands at 95.67%, with significant stake increases from investors such as Condire Management LP and Goehring & Rozencwajg Associates LLC in recent quarters.

Charles Schwab Investment Management Inc. decreased its position in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,875 shares of the oil and gas company's stock after selling 8,966 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Seadrill worth $3,972,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SDRL. Caldwell Sutter Capital Inc. acquired a new position in Seadrill during the 1st quarter worth about $30,000. Farther Finance Advisors LLC lifted its stake in Seadrill by 10,733.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 1,288 shares in the last quarter. Versant Capital Management Inc lifted its stake in Seadrill by 412.2% during the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 1,084 shares in the last quarter. CWM LLC lifted its stake in Seadrill by 30.8% during the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock worth $90,000 after acquiring an additional 845 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Seadrill by 4,509.4% during the 1st quarter. GAMMA Investing LLC now owns 7,375 shares of the oil and gas company's stock worth $184,000 after acquiring an additional 7,215 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SDRL shares. BTIG Research set a $28.00 price target on Seadrill in a report on Monday, May 5th. BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a report on Tuesday, May 13th. Citigroup upped their price target on Seadrill from $36.00 to $40.00 and gave the stock a "buy" rating in a report on Friday. Zacks Research upgraded Seadrill to a "strong sell" rating in a report on Tuesday, August 12th. Finally, Fearnley Fonds downgraded Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $49.33.

Seadrill Stock Up 0.7%

Shares of SDRL traded up $0.22 during mid-day trading on Monday, reaching $31.92. The company's stock had a trading volume of 481,335 shares, compared to its average volume of 877,298. Seadrill Limited has a 12-month low of $17.74 and a 12-month high of $43.76. The stock has a market cap of $1.99 billion, a PE ratio of 28.50 and a beta of 1.62. 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 company's 50 day moving average is $29.17 and its 200 day moving average is $26.06.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.68) EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($1.36). Seadrill had a net margin of 5.68% and a return on equity of 1.58%. The business had revenue of $377.00 million during the quarter, compared to analysts' expectations of $365.73 million. Equities analysts anticipate that Seadrill Limited will post 1.86 EPS for the current fiscal year.

Seadrill Company 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.