Dimensional Fund Advisors LP Grows Stock Position in Valaris Limited $VAL

Dimensional Fund Advisors LP grew its stake in Valaris Limited (NYSE:VAL) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,349,443 shares of the company’s stock after purchasing an additional 114,730 shares during the period. Dimensional Fund Advisors LP’s holdings in Valaris were worth $328,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. WINTON GROUP Ltd grew its holdings in Valaris by 0.5% during the fourth 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 period. State of Michigan Retirement System raised its position in Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock valued at $1,520,000 after acquiring an additional 200 shares in the last quarter. Signaturefd LLC raised its position in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after acquiring an additional 205 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Valaris by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock valued at $746,000 after acquiring an additional 214 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Valaris by 4.1% in the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VAL. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna cut their target price on shares of 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Valaris presently has a consensus rating of “Reduce” and a consensus target price of $60.31.

Valaris Trading Up 4.1%

VAL stock opened at $77.94 on Wednesday. Valaris Limited has a 52-week low of $43.53 and a 52-week high of $114.12. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The firm has a market cap of $5.40 billion, a P/E ratio of 5.46 and a beta of 0.93. The company’s 50-day simple moving average is $86.28 and its 200-day simple moving average is $84.08.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The business had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. Valaris’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.53) EPS. As a group, equities analysts forecast that Valaris Limited will post 3.18 EPS 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.