Valaris Limited $VAL is Goehring & Rozencwajg Associates LLC’s 6th Largest Position

Goehring & Rozencwajg Associates LLC increased its stake in Valaris Limited (NYSE:VAL) by 108.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 902,440 shares of the company’s stock after acquiring an additional 470,419 shares during the quarter. Valaris comprises approximately 5.3% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 6th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Valaris were worth $44,012,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Valaris by 4.6% in 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 buying an additional 1,605 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Valaris by 13.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,631 shares of the company’s stock valued at $448,000 after purchasing an additional 1,301 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Valaris by 4.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 86,129 shares of the company’s stock valued at $3,627,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Valaris by 100.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 10,000 shares of the company’s stock worth $421,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VAL. Citigroup decreased their price target on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. BTIG Research increased their price target on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 31st. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Barclays raised their target price on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.56.

Valaris Price Performance

VAL stock opened at $92.48 on Friday. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $96.40. 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 stock has a market cap of $6.43 billion, a price-to-earnings ratio of 16.48 and a beta of 1.18. The business has a fifty day moving average of $60.13 and a two-hundred day moving average of $54.89.

Valaris (NYSE:VAL) last released its quarterly earnings results on Thursday, February 19th. The company reported $10.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $9.75. The business had revenue of $537.40 million during the quarter, compared to analysts’ expectations of $499.16 million. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The company’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 EPS. As a group, research analysts anticipate that Valaris Limited will post 3.96 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.