Seadrill Limited $SDRL Shares Sold by Fox Run Management L.L.C.

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 position in Seadrill Limited (NYSE:SDRL - Free Report) by 54.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 hedge funds have also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in Seadrill by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,268 shares of the oil and gas company's stock valued at $283,000 after purchasing an additional 325 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Seadrill by 254.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,133 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 813 shares during the last quarter. CWM LLC lifted its position in Seadrill by 30.8% in the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after purchasing an additional 845 shares during the last quarter. Principal Financial Group Inc. lifted its position in Seadrill by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 47,666 shares of the oil and gas company's stock valued at $1,192,000 after purchasing an additional 863 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Seadrill by 7.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,241 shares of the oil and gas company's stock valued at $356,000 after purchasing an additional 973 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SDRL has been the topic of several recent research reports. Fearnley Fonds downgraded shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Zacks Research upgraded shares of Seadrill to a "strong sell" rating in a research report on Tuesday, August 12th. BWS Financial restated a "buy" rating and set a $80.00 price target on shares of Seadrill in a research report on Tuesday, May 13th. BTIG Research set a $28.00 price target on shares of Seadrill in a research report on Monday, May 5th. Finally, Citigroup restated a "buy" rating and set a $36.00 price target (up from $35.00) on shares of Seadrill in a research report on Wednesday, June 18th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Seadrill presently has a consensus rating of "Hold" and an average target price of $48.00.

Seadrill Price Performance

Shares of SDRL stock traded up $2.1380 during midday trading on Friday, reaching $31.2380. 1,563,110 shares of the company were exchanged, compared to its average volume of 837,378. Seadrill Limited has a 12 month low of $17.74 and a 12 month high of $44.74. The company has a market cap of $1.94 billion, a P/E ratio of 27.89 and a beta of 1.61. The company's 50 day moving average price is $28.86 and its two-hundred day moving average price is $26.21. 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 - Get Free Report) last released its quarterly earnings results 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 return on equity of 1.58% and a net margin of 5.68%.The company had revenue of $377.00 million for the quarter, compared to the consensus estimate of $365.73 million. On average, sell-side analysts expect that Seadrill Limited will post 1.86 earnings per share for the current 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.