SummitTX Capital L.P. Invests $1.07 Million in Valaris Limited $VAL

SummitTX Capital L.P. bought a new stake in shares of Valaris Limited (NYSE:VAL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,883 shares of the company’s stock, valued at approximately $1,067,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WINTON GROUP Ltd lifted its holdings in Valaris by 0.5% in the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after buying an additional 146 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Valaris by 0.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock worth $3,085,000 after acquiring an additional 169 shares during the period. State of Michigan Retirement System raised its position in shares of Valaris by 1.3% in the 1st quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after acquiring an additional 200 shares in the last quarter. Signaturefd LLC raised its position in shares of Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Valaris by 1.4% in 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. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

VAL has been the topic of several research reports. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Susquehanna dropped their target price on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $60.31.

Valaris Price Performance

Shares of NYSE VAL opened at $75.47 on Friday. The company has a 50 day simple moving average of $82.25 and a two-hundred day simple moving average of $85.32. Valaris Limited has a fifty-two week low of $43.53 and a fifty-two week high of $114.12. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 5.28 and a beta of 0.93. 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 results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.31% and a net margin of 45.37%.The business’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.53) earnings per share. Analysts expect 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.