Quantitative Investment Management LLC Purchases Shares of 12,011 Valaris Limited $VAL

Quantitative Investment Management LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 12,011 shares of the company’s stock, valued at approximately $871,000.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Valaris by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Valaris by 3.0% during the first 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 purchasing an additional 4,263 shares during the last quarter. Prudential Financial Inc. increased its position in Valaris by 4.1% during the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after purchasing an additional 230 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Valaris by 17.3% during the second quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after purchasing an additional 1,996 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Valaris during the second quarter worth approximately $249,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Stock Up 2.0%

Shares of NYSE:VAL opened at $88.10 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. Valaris Limited has a 1 year low of $46.70 and a 1 year high of $114.12. The stock has a market capitalization of $6.12 billion, a P/E ratio of 6.58 and a beta of 0.93. The stock has a 50-day simple moving average of $79.92 and a 200-day simple moving average of $89.21.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.31 by $0.41. The firm had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. Valaris had a net margin of 43.95% and a return on equity of 9.25%. Valaris’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. Equities analysts forecast that Valaris Limited will post 3.18 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VAL. Susquehanna boosted their price objective on shares of Valaris from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings raised Valaris from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Seven equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $64.67.

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.