South Dakota Investment Council Cuts Position in Valaris Limited $VAL

South Dakota Investment Council trimmed its position in shares of Valaris Limited (NYSE:VAL) by 75.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,719 shares of the company’s stock after selling 35,656 shares during the period. South Dakota Investment Council’s holdings in Valaris were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hosking Partners LLP raised its stake in Valaris by 21.1% during the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock valued at $15,103,000 after purchasing an additional 52,278 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Valaris during the fourth quarter valued at $1,058,000. Denali Advisors LLC purchased a new position in shares of Valaris in the 4th quarter worth $1,618,000. Jennison Associates LLC purchased a new position in shares of Valaris in the 4th quarter worth $908,000. Finally, Gallacher Capital Management LLC bought a new stake in shares of Valaris in the 1st quarter worth about $1,284,000. 96.74% of the stock is currently owned by institutional investors.

Valaris Price Performance

VAL opened at $79.25 on Friday. The business has a fifty day moving average of $81.81 and a 200 day moving average of $85.27. Valaris Limited has a 52-week low of $43.53 and a 52-week high of $114.12. 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 stock has a market cap of $5.49 billion, a P/E ratio of 5.55 and a beta of 0.93.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business had revenue of $465.40 million during the quarter, compared to the consensus estimate of $443.75 million. During the same period last year, the company earned ($0.53) EPS. The business’s revenue was down 25.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valaris Limited will post 3.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Susquehanna decreased their target price on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Valaris currently has an average rating of “Reduce” and an average target price of $60.31.

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.