Sei Investments Co. Buys 159,304 Shares of Valaris Limited $VAL

Sei Investments Co. increased its position in Valaris Limited (NYSE:VAL) by 66.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,805 shares of the company’s stock after acquiring an additional 159,304 shares during the quarter. Sei Investments Co.’s holdings in Valaris were worth $39,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VAL. Dimensional Fund Advisors LP lifted its holdings in Valaris by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock valued at $328,382,000 after purchasing an additional 114,730 shares in the last quarter. Schf GPE LLC purchased a new stake in shares of Valaris in the second quarter worth $77,675,000. Goehring & Rozencwajg Associates LLC raised its position in shares of Valaris by 24.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,319,351 shares of the company’s stock valued at $129,349,000 after purchasing an additional 257,281 shares during the period. FIL Ltd raised its position in shares of Valaris by 10.4% during the 4th quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock valued at $61,502,000 after purchasing an additional 114,967 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Valaris by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 825,833 shares of the company’s stock valued at $41,622,000 after buying an additional 83,928 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

VAL has been the subject of a number of analyst reports. Susquehanna cut their price target on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valaris has an average rating of “Reduce” and an average price target of $60.31.

Valaris Price Performance

VAL stock opened at $79.63 on Monday. Valaris Limited has a one year low of $43.53 and a one year high of $114.12. The company’s fifty day moving average price is $84.90 and its 200-day moving average price is $84.66. 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 company has a market capitalization of $5.51 billion, a PE ratio of 5.58 and a beta of 0.93.

Valaris (NYSE:VAL) last issued its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share 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 company had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same quarter in the prior year, the company posted ($0.53) EPS. Valaris’s revenue was down 25.0% compared to the same quarter last year. On average, equities analysts anticipate that Valaris Limited will post 3.18 EPS for the current fiscal year.

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.