M&T Bank Corp Increases Stock Position in Valaris Limited $VAL

M&T Bank Corp raised its holdings in Valaris Limited (NYSE:VAL) by 133.0% during the 4th quarter, Holdings Channel reports. The firm owned 32,306 shares of the company’s stock after purchasing an additional 18,438 shares during the quarter. M&T Bank Corp’s holdings in Valaris were worth $1,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Valaris by 8,034.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after purchasing an additional 573,065 shares in the last quarter. Trek Financial LLC purchased a new stake in shares of Valaris in the third quarter valued at about $3,305,000. GSA Capital Partners LLP purchased a new stake in shares of Valaris in the third quarter valued at about $1,205,000. American Century Companies Inc. lifted its holdings in shares of Valaris by 87.1% in the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after purchasing an additional 592,971 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its holdings in shares of Valaris by 108.9% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after purchasing an additional 470,419 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Shares of VAL stock opened at $101.85 on Wednesday. Valaris Limited has a one year low of $31.81 and a one year high of $105.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77. The company has a 50 day moving average price of $94.69 and a 200 day moving average price of $70.32. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 7.28 and a beta of 1.04.

Analyst Ratings Changes

Several brokerages have issued reports on VAL. Susquehanna upped their price target on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Finally, Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Monday, February 23rd. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $61.72.

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.