Top 5 Stocks Activist Investors Are Targeting

1. Seadrill Ltd (NYSE:SDRL)

Last but not least, in offshore rig contractor Seadrill Ltd (NYSE:SDRL), Paul Singer’s Elliott Management reported a new stake containing 7.41 million shares equal to 14.83% of the outstanding stock. The position was not acquired through purchasing of stock, but Elliott obtained the shares as Seadrill Ltd (NYSE:SDRL) completed the merger with Aquadrill. Aquadrill was formerly known as Seadrill Partners and was an asset-holding unit of Seadrill Ltd (NYSE:SDRL). The company emerged from bankruptcy protection and changed its name to Aquadrill in 2021.

For the last year, Seadrill Ltd (NYSE:SDRL) reported revenue of $1.1 billion, in line with its previous forecasts, while its EBITDA of $265 million was at the top end of its guidance.

There were 10 funds in our database that held in aggregate $315.40 million worth of Seadrill Ltd (NYSE:SDRL) stock at the end of 2022.