Valaris Limited $VAL Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Valaris Limited (NYSE:VAL) by 100.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,314 shares of the company’s stock after purchasing an additional 5,667 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Valaris were worth $571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Valaris by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after acquiring an additional 4,263 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Valaris by 4.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after acquiring an additional 230 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Valaris by 17.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock valued at $570,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Valaris during the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VAL. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Susquehanna increased their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a report on Monday, February 23rd. Finally, Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

Valaris Trading Up 0.1%

Valaris stock opened at $102.34 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 7.32 and a beta of 0.97. Valaris Limited has a one year low of $35.20 and a one year high of $105.35. The company’s fifty day moving average price is $95.14 and its two-hundred day moving average price is $71.08.

Valaris (NYSE:VAL) last posted its earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The business had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.62% and a net margin of 41.49%.The company’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.53) earnings per share. On average, analysts forecast that Valaris Limited will post 3.41 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.