HighTower Advisors LLC Has $1.90 Million Stock Position in Valaris Limited $VAL

HighTower Advisors LLC lifted its stake in shares of Valaris Limited (NYSE:VAL) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,597 shares of the company’s stock after buying an additional 12,164 shares during the period. HighTower Advisors LLC’s holdings in Valaris were worth $1,895,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd grew its holdings in shares of Valaris by 19.8% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 695,005 shares of the company’s stock worth $35,031,000 after purchasing an additional 114,807 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Valaris during the 4th quarter worth $368,000. Swiss Life Asset Management Ltd acquired a new stake in shares of Valaris during the 4th quarter worth $307,000. Hosking Partners LLP boosted its stake in 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 buying an additional 52,278 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in Valaris in the fourth quarter valued at about $1,618,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on VAL. Susquehanna increased their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research report on Monday, February 23rd. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

Valaris Price Performance

Shares of NYSE VAL opened at $93.37 on Tuesday. Valaris Limited has a twelve month low of $37.79 and a twelve month high of $114.12. The firm has a fifty day simple moving average of $97.43 and a 200 day simple moving average of $77.43. The company has a market capitalization of $6.47 billion, a PE ratio of 6.54 and a beta of 0.91. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last announced 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). The firm had revenue of $465.40 million for 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%.Valaris’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.53) EPS. On average, sell-side analysts forecast that Valaris Limited will post 3.41 EPS for the current 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.