7,300 Shares in Valaris Limited $VAL Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Valaris Limited (NYSE:VAL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,300 shares of the company’s stock, valued at approximately $368,000.

Several other large investors have also recently bought and sold shares of VAL. Dimensional Fund Advisors LP lifted its position in Valaris by 8.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,028,408 shares of the company’s stock valued at $147,699,000 after purchasing an additional 229,956 shares during the last quarter. Schf GPE LLC bought a new position in Valaris during the 2nd quarter valued at approximately $77,675,000. American Century Companies Inc. raised its stake in Valaris by 87.1% during the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after buying an additional 592,971 shares during the last quarter. Waverton Investment Management Ltd raised its stake in Valaris by 0.4% during the third quarter. Waverton Investment Management Ltd now owns 963,912 shares of the company’s stock valued at $46,996,000 after buying an additional 4,056 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in Valaris by 108.9% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after acquiring an additional 470,419 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Stock Performance

NYSE VAL opened at $113.31 on Tuesday. The firm has a market capitalization of $7.85 billion, a P/E ratio of 7.94 and a beta of 0.97. The stock has a 50-day simple moving average of $96.14 and a two-hundred day simple moving average of $74.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. Valaris Limited has a fifty-two week low of $35.20 and a fifty-two week high of $114.12.

Valaris (NYSE:VAL) last issued its earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The company had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.53) EPS. On average, equities analysts forecast that Valaris Limited will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

VAL has been the subject of several analyst reports. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Susquehanna boosted their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Monday, February 23rd. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Valaris has a consensus rating of “Reduce” and a consensus target price of $63.19.

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.