Fieldview Capital Management LLC Buys New Position in Valaris Limited $VAL

Fieldview Capital Management LLC purchased a new position in shares of Valaris Limited (NYSE:VAL) during the third quarter, Holdings Channel reports. The firm purchased 6,760 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors also recently added to or reduced their stakes in VAL. UMB Bank n.a. boosted its holdings in shares of Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after acquiring an additional 261 shares during the period. Strs Ohio increased its holdings in shares of Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after acquiring an additional 600 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Valaris by 240.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after acquiring an additional 1,308 shares during the period. GAMMA Investing LLC raised its position in Valaris by 11.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock valued at $130,000 after purchasing an additional 281 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Valaris by 133.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,837 shares of the company’s stock valued at $138,000 after purchasing an additional 1,622 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Up 2.4%

Shares of Valaris stock opened at $93.30 on Thursday. Valaris Limited has a one year low of $27.15 and a one year high of $102.19. The company has a market cap of $6.46 billion, a P/E ratio of 6.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a fifty day moving average of $72.02 and a two-hundred day moving average of $59.49.

Wall Street Analysts Forecast Growth

VAL has been the topic of several research reports. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Monday, February 23rd. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Finally, Citigroup lowered their target price on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Ten research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $56.50.

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.