Fox Run Management L.L.C. Has $350,000 Stock Position in Seadrill Limited $SDRL

Key Points

• Fox Run Management L.L.C. reduced its stake in Seadrill Limited by 54.5%, ending with 14,005 shares worth approximately $350,000.
• Seadrill reported a loss of ($0.68) EPS for the latest quarter, significantly missing expectations, though it achieved a revenue of $377 million, surpassing analyst estimates of $365.73 million.
• Institutional investors currently hold 95.67% of Seadrill's stock, indicating strong institutional ownership and confidence in the company's future.

Fox Run Management L.L.C. cut its holdings in shares of Seadrill Limited (NYSE:SDRL - Free Report) by 54.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,005 shares of the oil and gas company's stock after selling 16,759 shares during the quarter. Fox Run Management L.L.C.'s holdings in Seadrill were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Seadrill by 254.1% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 813 shares in the last quarter. Caldwell Sutter Capital Inc. acquired a new position in Seadrill in the 1st quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its position in Seadrill by 10,733.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,300 shares of the oil and gas company's stock worth $33,000 after buying an additional 1,288 shares in the last quarter. Versant Capital Management Inc lifted its position in Seadrill by 412.2% in the 1st quarter. Versant Capital Management Inc now owns 1,347 shares of the oil and gas company's stock worth $34,000 after buying an additional 1,084 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Seadrill by 756.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,567 shares of the oil and gas company's stock valued at $61,000 after buying an additional 1,384 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Seadrill Stock Performance

Seadrill stock traded up $0.06 during trading hours on Monday, reaching $31.43. 785,039 shares of the company were exchanged, compared to its average volume of 895,628. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $44.74. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $28.91 and a 200 day moving average of $26.11. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 28.06 and a beta of 1.61.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SDRL shares. Citigroup reaffirmed a "buy" rating and issued a $36.00 price target (up from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th. BWS Financial restated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Fearnley Fonds lowered Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. BTIG Research set a $28.00 price target on Seadrill in a report on Monday, May 5th. Finally, Zacks Research raised Seadrill to a "strong sell" rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Seadrill has an average rating of "Hold" and a consensus price target of $48.00.

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.