Contrarius Group Holdings Ltd Has $8.51 Million Position in Valaris Limited $VAL

Contrarius Group Holdings Ltd lowered its holdings in Valaris Limited (NYSE:VAL) by 15.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,899 shares of the company’s stock after selling 30,651 shares during the quarter. Contrarius Group Holdings Ltd’s holdings in Valaris were worth $8,513,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Wexford Capital LP bought a new stake in Valaris during the 3rd quarter worth about $41,000. Signaturefd LLC grew its holdings in Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Valaris by 240.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after acquiring an additional 1,308 shares during the last quarter. Leonteq Securities AG bought a new stake in Valaris during the 4th quarter worth about $109,000. Finally, Hantz Financial Services Inc. grew its holdings in Valaris by 133.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,837 shares of the company’s stock worth $138,000 after acquiring an additional 1,622 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Shares of NYSE:VAL opened at $88.35 on Monday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 6.19 and a beta of 0.91. Valaris Limited has a 1-year low of $40.17 and a 1-year high of $114.12. 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 business has a 50-day moving average price of $97.04 and a two-hundred day moving average price of $78.42.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share 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 business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. During the same quarter in the prior year, the company earned ($0.53) earnings per share. The company’s quarterly revenue was down 25.0% on a year-over-year basis. Equities analysts predict that Valaris Limited will post 3.18 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Susquehanna raised 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. BTIG Research lowered shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Pareto Securities lowered shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. Finally, Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Valaris presently has an average rating of “Reduce” and an average 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.