Elliott Investment Management L.P. Adds $6M in Seadrill Limited ($SDRL)
Key Points
- Elliott Investment Management L.P. changed its Seadrill Limited ($SDRL) stake by 3.52% last quarter, boosting to 4,719,085 shares worth $178.48 million.
- Wall Street's consensus rating on $SDRL is Buy and an average price target of $53.33.
- $SDRL last traded around $37.82.
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Elliott Investment Management L.P. increased its position in Seadrill Limited ($SDRL) by 3.52% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,719,085 shares of Seadrill Limited after buying 160,327 shares during the quarter. Elliott Investment Management L.P.'s holdings in Seadrill Limited were worth $178.48 million as of its most recent filing.
Seadrill Limited Stock Down 22.4%
Shares of Seadrill Limited ($SDRL) traded around $37.82 on Saturday, down 22.4% for the day.
Seadrill Limited Earnings
Analysts Set New Price Targets
About Seadrill Limited
Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company owns and operates floaters, such as drillships and semi-submersible rigs for operations in shallow and ultra-deep water in benign and harsh environments. It also offers jackup rigs, management services, and provides contracts drilling units to drill wells. It serves oil super-majors, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Seadrill 2021 Limited. Seadrill Limited was incorporated in 2005 and is based in Houston, Texas.
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