Creative Planning Boosts Position in Seadrill Limited $SDRL

Creative Planning raised its stake in Seadrill Limited (NYSE:SDRL) by 302.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,482 shares of the oil and gas company’s stock after purchasing an additional 86,069 shares during the period. Creative Planning owned 0.18% of Seadrill worth $3,005,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 buying an additional 813 shares in the last quarter. GAMMA Investing LLC lifted its position in Seadrill by 319.3% in the second quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 942 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Seadrill by 34.1% in the second quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 443 shares during the last quarter. Signaturefd LLC boosted its stake in Seadrill by 679.3% in the second quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 1,644 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Seadrill by 30.8% during the first quarter. CWM LLC now owns 3,585 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 845 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SDRL shares. Citigroup boosted their target price on Seadrill from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Seadrill in a research report on Wednesday, October 8th. SEB Equity Research set a $33.00 price objective on Seadrill in a research note on Monday, September 1st. Barclays lowered their target price on shares of Seadrill from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Finally, Fearnley Fonds downgraded shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Seadrill currently has an average rating of “Hold” and an average target price of $43.00.

Seadrill Stock Up 0.0%

Seadrill stock opened at $30.08 on Monday. The stock has a 50 day moving average of $30.91 and a two-hundred day moving average of $29.17. Seadrill Limited has a twelve month low of $17.74 and a twelve month high of $41.84. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 26.86 and a beta of 1.59. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.21.

Seadrill (NYSE:SDRL) last released its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.43). Seadrill had a return on equity of 1.58% and a net margin of 5.68%.The company had revenue of $363.00 million for the quarter, compared to analysts’ expectations of $343.56 million. Seadrill has set its FY 2025 guidance at EPS. As a group, research analysts expect that Seadrill Limited will post 1.86 earnings per share for the current year.

About Seadrill

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.