Investment House LLC Buys New Shares in Valaris Limited $VAL

Investment House LLC bought a new stake in Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 72,674 shares of the company’s stock, valued at approximately $3,663,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. increased its position in Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after buying an additional 261 shares during the last quarter. Wexford Capital LP acquired a new position in Valaris during the third quarter worth approximately $41,000. Signaturefd LLC increased its position in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares during the last quarter. Strs Ohio increased its position in Valaris by 100.0% during the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Price Performance

Valaris stock opened at $111.02 on Wednesday. Valaris Limited has a 12 month low of $35.20 and a 12 month high of $114.12. The stock’s 50 day moving average is $96.61 and its 200-day moving average is $74.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 7.77 and a beta of 0.97.

Valaris (NYSE:VAL) last posted its earnings results on Monday, May 4th. The company reported ($0.24) 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 during the quarter, compared to analyst estimates of $443.75 million. During the same period in the previous year, the company posted ($0.53) EPS. Valaris’s revenue for the quarter was down 25.0% compared to the same quarter last year. Equities research analysts expect that Valaris Limited will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VAL. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Susquehanna boosted their price target on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research report on Monday, February 23rd. Finally, BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Valaris has a consensus rating of “Reduce” and a consensus target price 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.