Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $2 Million in Valaris Limited $VAL

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 39,716 shares of the company’s stock, valued at approximately $2,002,000.

A number of other hedge funds also recently made changes to their positions in VAL. Schf GPE LLC bought a new stake in shares of Valaris during the 2nd quarter worth $77,675,000. American Century Companies Inc. raised its stake in shares of Valaris by 87.1% during the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after purchasing an additional 592,971 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in shares of Valaris by 8,034.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after purchasing an additional 573,065 shares during the period. Goehring & Rozencwajg Associates LLC raised its stake in shares of Valaris by 108.9% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after purchasing an additional 470,419 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Valaris by 212.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 470,076 shares of the company’s stock worth $22,926,000 after purchasing an additional 319,780 shares during the period. 96.74% of the stock is currently owned by institutional investors.

Valaris Trading Down 1.4%

Shares of Valaris stock opened at $109.53 on Thursday. The company’s 50-day moving average price is $96.99 and its 200-day moving average price is $75.13. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12-month low of $35.20 and a 12-month high of $114.12. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 7.67 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VAL. Pareto Securities cut 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. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Susquehanna lifted their target price on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Finally, Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company 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.