DV Trading LLC Purchases 16,600 Shares of Valaris Limited $VAL

DV Trading LLC lifted its position in shares of Valaris Limited (NYSE:VAL) by 5,533.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 16,900 shares of the company’s stock after acquiring an additional 16,600 shares during the quarter. DV Trading LLC’s holdings in Valaris were worth $1,657,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Hosking Partners LLP raised its position in shares of Valaris by 21.1% in the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock valued at $15,103,000 after purchasing an additional 52,278 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Valaris in the 4th quarter worth approximately $1,058,000. Denali Advisors LLC purchased a new position in Valaris in the 4th quarter valued at approximately $1,618,000. Jennison Associates LLC bought a new stake in Valaris during the 4th quarter valued at $908,000. Finally, Gallacher Capital Management LLC bought a new stake in Valaris during the 1st quarter valued at $1,284,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

VAL has been the subject of a number of analyst reports. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna decreased their price objective on Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $60.31.

Valaris Price Performance

VAL stock opened at $79.25 on Friday. The firm has a 50 day moving average of $81.81 and a 200-day moving average of $85.27. The firm has a market capitalization of $5.49 billion, a P/E ratio of 5.55 and a beta of 0.93. Valaris Limited has a 12 month low of $43.53 and a 12 month 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.

Valaris (NYSE:VAL) last posted its earnings results 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). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same period last year, the company posted ($0.53) EPS. The business’s revenue was down 25.0% on a year-over-year basis. As a group, sell-side analysts predict that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

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.