NINE MASTS CAPITAL Ltd Sells 35,000 Shares of Valaris Limited $VAL

NINE MASTS CAPITAL Ltd cut its holdings in shares of Valaris Limited (NYSE:VAL) by 56.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,854 shares of the company’s stock after selling 35,000 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in Valaris were worth $1,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Valaris by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock worth $328,382,000 after buying an additional 114,730 shares during the last quarter. Schf GPE LLC bought a new position in shares of Valaris during the 2nd quarter valued at approximately $77,675,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Valaris by 67.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,363,230 shares of the company’s stock worth $133,651,000 after purchasing an additional 550,987 shares during the period. Goehring & Rozencwajg Associates LLC raised its position in shares of Valaris by 24.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,319,351 shares of the company’s stock valued at $129,349,000 after purchasing an additional 257,281 shares during the period. Finally, FIL Ltd lifted its stake in shares of Valaris by 10.4% during the 4th quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock valued at $61,502,000 after buying an additional 114,967 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VAL shares. Weiss Ratings raised shares of Valaris from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Susquehanna boosted their price objective on Valaris from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $60.94.

Valaris Trading Down 0.3%

VAL stock opened at $86.04 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris Limited has a 1-year low of $46.70 and a 1-year high of $114.12. The business has a 50 day simple moving average of $79.61 and a two-hundred day simple moving average of $89.17. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 6.43 and a beta of 0.94.

Valaris (NYSE:VAL) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.41. Valaris had a net margin of 43.95% and a return on equity of 9.25%. The firm had revenue of $539.20 million for the quarter, compared to analysts’ expectations of $488.52 million. During the same quarter last year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. Research analysts anticipate that Valaris Limited will post 3.18 EPS 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.