Vanguard Group Inc. Sells 33,114 Shares of Valaris Limited $VAL

Vanguard Group Inc. reduced its stake in Valaris Limited (NYSE:VAL) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,061,569 shares of the company’s stock after selling 33,114 shares during the quarter. Vanguard Group Inc. owned about 8.71% of Valaris worth $295,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Valaris by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after purchasing an additional 4,263 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Valaris by 106.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,780 shares of the company’s stock worth $75,000 after buying an additional 919 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Valaris by 3.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,720 shares of the company’s stock worth $409,000 after acquiring an additional 348 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Valaris by 13,400.0% during the second quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after buying an additional 1,206 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 1.5%

NYSE VAL opened at $95.96 on Friday. The stock has a market cap of $6.64 billion, a PE ratio of 6.86 and a beta of 1.18. The stock’s 50 day moving average is $65.39 and its 200 day moving average is $56.89. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $102.19. The company has a current ratio of 1.77, a quick ratio of 1.87 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VAL. Barclays raised their price target on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup cut their target price on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Finally, BTIG Research increased their target price on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Valaris currently has an average rating of “Hold” and an average target price of $56.50.

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.