Janney Montgomery Scott LLC Decreases Position in Valaris Limited $VAL

Janney Montgomery Scott LLC cut its holdings in Valaris Limited (NYSE:VAL) by 81.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,420 shares of the company’s stock after selling 10,425 shares during the period. Janney Montgomery Scott LLC’s holdings in Valaris were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Valaris by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock valued at $163,031,000 after buying an additional 206,305 shares during the last quarter. Schf GPE LLC bought a new stake in shares of Valaris in the 2nd quarter valued at about $77,675,000. FIL Ltd boosted its holdings in 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 acquiring an additional 114,967 shares during the period. Goehring & Rozencwajg Associates LLC boosted its holdings in Valaris by 17.7% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,062,070 shares of the company’s stock valued at $53,528,000 after acquiring an additional 159,630 shares during the period. Finally, Van ECK Associates Corp grew its position in Valaris by 11.3% during the 4th quarter. Van ECK Associates Corp now owns 825,833 shares of the company’s stock worth $41,622,000 after acquiring an additional 83,928 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Susquehanna decreased their price target on Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $60.31.

Valaris Stock Up 0.0%

NYSE VAL opened at $76.56 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $5.30 billion, a PE ratio of 5.36 and a beta of 0.93. Valaris Limited has a 1 year low of $43.53 and a 1 year high of $114.12. The business’s 50-day moving average is $87.12 and its 200 day moving average is $83.71.

Valaris (NYSE:VAL) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $443.75 million. During the same period in the previous year, the company earned ($0.53) EPS. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. Sell-side analysts forecast that Valaris Limited will post 3.18 earnings per share for the current year.

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.