California Public Employees Retirement System Raises Stock Holdings in Valaris Limited $VAL

California Public Employees Retirement System boosted its position in shares of Valaris Limited (NYSE:VAL) by 15.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,470 shares of the company’s stock after buying an additional 18,893 shares during the quarter. California Public Employees Retirement System’s holdings in Valaris were worth $13,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd grew its holdings in Valaris by 0.5% in the 4th quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after acquiring an additional 146 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after purchasing an additional 200 shares during the period. Signaturefd LLC grew its stake in shares of Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Valaris by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock valued at $746,000 after purchasing an additional 214 shares during the period. Finally, Prudential Financial Inc. increased its holdings in Valaris by 4.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 0.6%

Shares of Valaris stock opened at $79.63 on Friday. The company has a 50-day simple moving average of $84.90 and a two-hundred day simple moving average of $84.44. The stock has a market capitalization of $5.51 billion, a PE ratio of 5.58 and a beta of 0.93. Valaris Limited has a 52-week low of $43.53 and a 52-week high of $114.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The company had revenue of $465.40 million for 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%. The firm’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.53) EPS. On average, analysts anticipate that Valaris Limited will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on VAL. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna decreased their target price on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $60.31.

About Valaris

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.