XTX Topco Ltd Has $444,000 Holdings in Seadrill Limited (NYSE:SDRL)

Key Points

• XTX Topco Ltd increased its stake in Seadrill Limited by 232.2% in Q1, totaling 17,741 shares valued at $444,000.
• Other institutional investors, including Farther Finance Advisors LLC and Versant Capital Management Inc, also significantly boosted their positions in Seadrill during the same quarter.
• Seadrill reported a Q2 loss of $(0.68) EPS, missing estimates despite revenues of $377 million, while analysts predict an annual EPS of 1.86.

XTX Topco Ltd increased its position in Seadrill Limited (NYSE:SDRL - Free Report) by 232.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,741 shares of the oil and gas company's stock after purchasing an additional 12,401 shares during the quarter. XTX Topco Ltd's holdings in Seadrill were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Seadrill by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,459,524 shares of the oil and gas company's stock worth $134,677,000 after purchasing an additional 384,471 shares during the period. Adage Capital Partners GP L.L.C. increased its position in Seadrill by 10.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,429,169 shares of the oil and gas company's stock worth $133,498,000 after purchasing an additional 320,392 shares during the period. Condire Management LP increased its position in Seadrill by 18.2% in the fourth quarter. Condire Management LP now owns 3,039,615 shares of the oil and gas company's stock worth $118,332,000 after purchasing an additional 467,623 shares during the period. BNP Paribas Financial Markets acquired a new stake in Seadrill in the fourth quarter worth about $66,400,000. Finally, Patient Capital Management LLC increased its position in Seadrill by 63.5% in the fourth quarter. Patient Capital Management LLC now owns 1,676,777 shares of the oil and gas company's stock worth $65,277,000 after purchasing an additional 651,132 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SDRL shares. Fearnley Fonds cut Seadrill from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. BWS Financial reissued a "buy" rating and set a $80.00 price objective on shares of Seadrill in a research note on Tuesday, May 13th. BTIG Research set a $28.00 price objective on shares of Seadrill in a research note on Monday, May 5th. Finally, Citigroup reissued a "buy" rating and set a $36.00 price objective (up previously from $35.00) on shares of Seadrill in a research note on Wednesday, June 18th.

Seadrill Stock Up 2.5%

Shares of NYSE:SDRL traded up $0.73 during trading on Tuesday, hitting $29.17. 412,543 shares of the company's stock traded hands, compared to its average volume of 1,013,645. Seadrill Limited has a 52 week low of $17.74 and a 52 week high of $45.58. 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 company has a market cap of $1.81 billion, a price-to-earnings ratio of 26.05 and a beta of 1.61. The company has a 50-day moving average price of $28.37 and a 200-day moving average price of $26.58.

Seadrill (NYSE:SDRL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.68) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $365.73 million. As a group, research analysts forecast that Seadrill Limited will post 1.86 EPS for the current fiscal 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.