Tejara Capital Ltd Trims Position in Valaris Limited $VAL

Tejara Capital Ltd trimmed its position in Valaris Limited (NYSE:VAL) by 9.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 110,392 shares of the company’s stock after selling 10,974 shares during the period. Valaris comprises approximately 2.8% of Tejara Capital Ltd’s holdings, making the stock its 11th biggest holding. Tejara Capital Ltd’s holdings in Valaris were worth $5,384,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VAL. Prudential Financial Inc. lifted its stake in Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after purchasing an additional 230 shares in the last quarter. Blume Capital Management Inc. raised its position in shares of Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Arizona State Retirement System raised its position in shares of Valaris by 1.4% in the third quarter. Arizona State Retirement System now owns 18,927 shares of the company’s stock worth $923,000 after buying an additional 270 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Valaris by 0.4% during the second quarter. Retirement Systems of Alabama now owns 79,913 shares of the company’s stock valued at $3,365,000 after buying an additional 279 shares during the period. Finally, GAMMA Investing LLC grew its position in Valaris by 11.8% during the third quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock worth $130,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VAL shares. BTIG Research lifted their price target on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Barclays lifted their target price on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Citigroup decreased their price target on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Susquehanna increased their target price on Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.56.

Valaris Trading Down 1.9%

VAL stock opened at $57.68 on Friday. The company has a market capitalization of $4.01 billion, a PE ratio of 10.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.87 and a current ratio of 1.87. Valaris Limited has a one year low of $27.15 and a one year high of $61.70. The company’s 50 day moving average price is $54.18 and its two-hundred day moving average price is $51.97.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, October 29th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $1.00 by $1.65. The company had revenue of $595.70 million for the quarter, compared to analyst estimates of $568.41 million. Valaris had a net margin of 16.51% and a return on equity of 17.27%. The business’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Valaris Company Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh?environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.