Seadrill Buys Back $13M in Stock
Ticker: SDRL · Form: 6-K · Filed: Jul 8, 2024 · CIK: 1737706
Sentiment: bullish
Topics: share-repurchase, buyback, stock
Related Tickers: SDRL
TL;DR
Seadrill just bought back $13M of its own stock at $13/share. Bullish.
AI Summary
Seadrill Limited announced on July 8, 2024, that it made several transactions under its share repurchase program. The company repurchased 1,000,000 ordinary shares at an average price of $13.00 per share, totaling $13,000,000. These shares were purchased on July 5, 2024.
Why It Matters
This repurchase indicates Seadrill's confidence in its own valuation and can potentially increase shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine announcement of share repurchases, which is a common corporate action.
Key Numbers
- $13.0M — Share Repurchase Value (Total amount spent by Seadrill on buying back its own shares.)
- 1.0M — Shares Repurchased (Number of ordinary shares bought back by the company.)
- $13.00 — Average Repurchase Price (The average price per share paid in the buyback program.)
Key Players & Entities
- Seadrill Limited (company) — Company making the announcement
- 1,000,000 (dollar_amount) — Number of shares repurchased
- $13.00 (dollar_amount) — Average price per share
- $13,000,000 (dollar_amount) — Total value of shares repurchased
- July 8, 2024 (date) — Date of announcement
- July 5, 2024 (date) — Date of share repurchases
FAQ
What is the total value of the shares Seadrill repurchased?
Seadrill repurchased shares totaling $13,000,000.
How many shares did Seadrill buy back?
The company repurchased 1,000,000 ordinary shares.
On what date were the shares repurchased?
The shares were purchased on July 5, 2024.
What was the average price per share for the repurchase?
The average price per share was $13.00.
What is the ticker symbol for Seadrill Limited?
Seadrill Limited is listed on the NYSE and OSE, and the filing mentions 'SDRL' in the context of its former name.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 8.7 · Accepted 2024-07-08 16:13:20
Key Financial Figures
- $200 million — ogram June 26, 2024 to repurchase up to $200 million of the Company's common shares in open
- $51.13 — f 141,502 shares at an average price of $51.13 per share. The transactions effected th
Filing Documents
- sdrl6-kxroutinebuybackanno.htm (6-K) — 36KB
- image_0a.jpg (GRAPHIC) — 1KB
- image_6a.jpg (GRAPHIC) — 1KB
- 0001628280-24-031368.txt ( ) — 39KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SEADRILL LIMITED Date July 8, 2024 By s Grant Creed Name Grant Creed Title Chief Financial Officer THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO (I) THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-271916) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 2023 AND (II) THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-276710) ORIGINALLY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 26, 2024.