Foresight Global Investors Inc. Has $7.83 Million Holdings in Seadrill Limited $SDRL

Foresight Global Investors Inc. lessened its stake in shares of Seadrill Limited (NYSE:SDRL) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,382 shares of the oil and gas company’s stock after selling 40,798 shares during the quarter. Seadrill comprises 5.6% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 8th biggest holding. Foresight Global Investors Inc. owned about 0.48% of Seadrill worth $7,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SDRL. Caitong International Asset Management Co. Ltd boosted its holdings in 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 acquiring an additional 813 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Seadrill by 319.3% during the second quarter. GAMMA Investing LLC now owns 1,237 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 942 shares during the period. Farther Finance Advisors LLC raised its position in shares of Seadrill by 34.1% during the second quarter. Farther Finance Advisors LLC now owns 1,743 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 443 shares during the period. Signaturefd LLC lifted its holdings in shares of Seadrill by 679.3% in the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 1,644 shares in the last quarter. Finally, CWM LLC grew 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 period. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SDRL has been the topic of several research reports. Citigroup upped their price objective on shares of Seadrill from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Fearnley Fonds downgraded shares of Seadrill from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. BWS Financial restated a “buy” rating and issued a $80.00 target price on shares of Seadrill in a report on Tuesday, November 11th. Zacks Research downgraded Seadrill from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Finally, SEB Equity Research set a $33.00 price objective on Seadrill in a report on Monday, September 1st. One investment 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.com, Seadrill has an average rating of “Hold” and an average target price of $43.00.

Seadrill Stock Up 1.5%

SDRL opened at $30.27 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.87 and a quick ratio of 1.87. The company’s 50-day moving average is $30.70 and its 200 day moving average is $29.26. Seadrill Limited has a fifty-two week low of $17.74 and a fifty-two week high of $41.25. The firm has a market capitalization of $1.89 billion, a P/E ratio of 27.03 and a beta of 1.59.

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