Meixler Investment Management Ltd. Sells 8,243 Shares of Valaris Limited $VAL

Meixler Investment Management Ltd. reduced its stake in Valaris Limited (NYSE:VAL) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,766 shares of the company’s stock after selling 8,243 shares during the period. Valaris makes up about 1.2% of Meixler Investment Management Ltd.’s holdings, making the stock its 21st largest holding. Meixler Investment Management Ltd.’s holdings in Valaris were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,605 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 buying an additional 4,263 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Valaris by 13.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,631 shares of the company’s stock valued at $448,000 after buying an additional 1,301 shares during the period. Bayforest Capital Ltd lifted its holdings in shares of Valaris by 254.2% in the second quarter. Bayforest Capital Ltd now owns 6,801 shares of the company’s stock worth $286,000 after buying an additional 4,881 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of Valaris by 28.9% in the second quarter. Mutual Advisors LLC now owns 19,897 shares of the company’s stock worth $838,000 after buying an additional 4,456 shares in the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Trading Up 7.4%

Shares of VAL stock opened at $62.50 on Monday. The business has a 50-day moving average price of $54.58 and a two-hundred day moving average price of $52.43. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $62.84. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.35 billion, a P/E ratio of 11.14 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VAL shares. Barclays upped their target price on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Susquehanna boosted their price target on shares of Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. BTIG Research increased their price objective on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $53.56.

About Valaris

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.