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

Other institutional investors and hedge funds have also made changes to their positions in the company. Caldwell Sutter Capital Inc. purchased a new position in shares of Seadrill in the 1st quarter valued at $30,000. Farther Finance Advisors LLC increased its holdings in shares of 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 valued at $33,000 after acquiring an additional 1,288 shares during the period. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 1,084 shares in the last quarter. Sterling Capital Management LLC grew its stake in 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 worth $61,000 after buying an additional 1,384 shares during the last quarter. Finally, CWM LLC increased its position in Seadrill by 30.8% during the 1st quarter. CWM LLC now owns 3,585 shares of the oil and gas company's stock valued at $90,000 after buying an additional 845 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Seadrill Stock Performance

Shares of SDRL opened at $28.15 on Friday. The stock has a 50-day moving average of $28.16 and a two-hundred day moving average of $26.78. Seadrill Limited has a one year low of $17.74 and a one year high of $45.82. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market cap of $1.75 billion, a P/E ratio of 25.13 and a beta of 1.61.

Seadrill (NYSE:SDRL - Get Free Report) last issued 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 firm had revenue of $377.00 million for the quarter, compared to analyst estimates of $365.73 million. As a group, research analysts predict that Seadrill Limited will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SDRL. BTIG Research set a $28.00 target price on Seadrill in a research report on Monday, May 5th. Citigroup reaffirmed a "buy" rating and set a $36.00 target price (up from $35.00) on shares of Seadrill in a research report on Wednesday, June 18th. BWS Financial reiterated a "buy" rating and issued a $80.00 target price on shares of Seadrill in a research note on Tuesday, May 13th. Finally, Fearnley Fonds cut shares of Seadrill from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th.

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.

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