California State Teachers Retirement System Purchases 13,897 Shares of Valaris Limited $VAL

California State Teachers Retirement System raised its stake in shares of Valaris Limited (NYSE:VAL) by 23.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,181 shares of the company’s stock after purchasing an additional 13,897 shares during the period. California State Teachers Retirement System’s holdings in Valaris were worth $7,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VAL. Wexford Capital LP bought a new stake in shares of Valaris in the 3rd quarter valued at $41,000. Parallel Advisors LLC raised its holdings in shares of Valaris by 33.5% during the first quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock valued at $104,000 after purchasing an additional 267 shares during the period. Longview Financial Advisors Inc. acquired a new stake in shares of Valaris in the 1st quarter valued at about $105,000. Signaturefd LLC increased its position in Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after buying an additional 205 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Valaris by 240.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analysts Set New Price Targets

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

Valaris Trading Up 1.7%

Shares of VAL stock opened at $78.16 on Wednesday. The business has a 50-day moving average of $80.96 and a 200 day moving average of $85.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris Limited has a 1-year low of $43.53 and a 1-year high of $114.12. The stock has a market capitalization of $5.41 billion, a PE ratio of 5.47 and a beta of 0.94.

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

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.