Valaris Limited $VAL Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its position in Valaris Limited (NYSE:VAL) by 189.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 38,929 shares of the company’s stock after purchasing an additional 25,467 shares during the quarter. Fox Run Management L.L.C.’s holdings in Valaris were worth $1,962,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $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 lifted its position in shares of Valaris by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after acquiring an additional 4,263 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Valaris by 4.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after acquiring an additional 230 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Valaris by 17.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock valued at $570,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Valaris during the 2nd quarter valued at $249,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

Shares of NYSE:VAL opened at $91.48 on Tuesday. The company’s fifty day moving average is $96.83 and its two-hundred day moving average is $78.67. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12-month low of $41.03 and a 12-month high of $114.12. The company has a market cap of $6.33 billion, a P/E ratio of 6.41 and a beta of 0.91.

Valaris (NYSE:VAL) last announced its 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). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The firm had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same period last year, the firm earned ($0.53) earnings per share. Valaris’s revenue for the quarter was down 25.0% compared to the same quarter last year. Equities analysts expect that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research report on Monday, February 23rd. Susquehanna increased their price objective on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Finally, BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $63.19.

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.