Investment House LLC Takes $3.66 Million Position in Valaris Limited $VAL

Investment House LLC bought a new position in Valaris Limited (NYSE:VAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,674 shares of the company’s stock, valued at approximately $3,663,000. Investment House LLC owned approximately 0.10% of Valaris at the end of the most recent quarter.

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

Valaris Price Performance

NYSE:VAL opened at $111.02 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The stock’s 50-day simple moving average is $96.61 and its 200 day simple moving average is $74.77. The company has a market cap of $7.69 billion, a P/E ratio of 7.77 and a beta of 0.97. Valaris Limited has a 52-week low of $35.20 and a 52-week high of $114.12.

Valaris (NYSE:VAL) last released its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The company had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. Valaris’s revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.53) EPS. As a group, sell-side analysts forecast that Valaris Limited will post 3.41 EPS for the current fiscal year.

Analyst Ratings Changes

VAL has been the subject of a number of recent analyst reports. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Susquehanna raised their price target on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Valaris has a consensus rating of “Reduce” and a consensus price target of $63.19.

Valaris 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.