Rockefeller Capital Management L.P. Has $11.84 Million Holdings in Valaris Limited $VAL

Rockefeller Capital Management L.P. lessened its position in shares of Valaris Limited (NYSE:VAL) by 46.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,852 shares of the company’s stock after selling 201,882 shares during the period. Rockefeller Capital Management L.P.’s holdings in Valaris were worth $11,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd lifted its holdings in shares of Valaris by 0.5% in the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock valued at $1,387,000 after purchasing an additional 146 shares in the last quarter. Signaturefd LLC grew its holdings in shares of 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 in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Valaris by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock worth $746,000 after buying an additional 214 shares in the last quarter. Prudential Financial Inc. raised its position in Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after buying an additional 230 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Valaris by 2.0% in the 4th quarter. ProShare Advisors LLC now owns 13,998 shares of the company’s stock valued at $705,000 after buying an additional 280 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

VAL has been the topic of several research reports. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Susquehanna lifted their price objective on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $63.19.

Valaris Trading Down 4.1%

Valaris stock opened at $75.34 on Thursday. The firm has a 50-day moving average of $93.18 and a 200-day moving average of $80.94. Valaris Limited has a one year low of $41.03 and a one year high of $114.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 5.28 and a beta of 0.91.

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). The company had revenue of $465.40 million during the quarter, compared to the consensus estimate of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. Valaris’s revenue was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.53) EPS. On average, equities analysts expect that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

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.