Contrarius Group Holdings Ltd Has $8.51 Million Stock Holdings in Valaris Limited $VAL

Contrarius Group Holdings Ltd trimmed its position in Valaris Limited (NYSE:VAL) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,899 shares of the company’s stock after selling 30,651 shares during the quarter. Contrarius Group Holdings Ltd owned 0.24% of Valaris worth $8,513,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VAL. Wexford Capital LP acquired a new position in shares of Valaris in the third quarter valued at $41,000. Signaturefd LLC raised its stake in shares of Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after purchasing an additional 205 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after purchasing an additional 1,308 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Valaris in the fourth quarter valued at $109,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Valaris by 133.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,837 shares of the company’s stock worth $138,000 after acquiring an additional 1,622 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Trading Down 0.2%

Shares of Valaris stock opened at $88.35 on Monday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 6.19 and a beta of 0.91. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $97.04 and a 200 day simple moving average of $78.42. Valaris Limited has a 12-month low of $40.17 and a 12-month high of $114.12.

Valaris (NYSE:VAL) last announced 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). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same quarter last year, the business earned ($0.53) EPS. The company’s revenue for the quarter was down 25.0% compared to the same quarter last year. Research analysts expect that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VAL shares. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Susquehanna raised their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a report on Monday, February 23rd. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Valaris presently has an average rating of “Reduce” and a consensus price target of $63.19.

About Valaris

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.