Corigliano Investment Advisers LLC Acquires Shares of 63,125 Valaris Limited $VAL

Corigliano Investment Advisers LLC purchased a new stake in shares of Valaris Limited (NYSE:VAL) in the fourth quarter, Holdings Channel.com reports. The firm purchased 63,125 shares of the company’s stock, valued at approximately $3,182,000. Valaris accounts for about 1.1% of Corigliano Investment Advisers LLC’s holdings, making the stock its 25th largest holding.

Other institutional investors have also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd boosted its stake in shares of Valaris by 8,034.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after buying an additional 573,065 shares during the last quarter. Hosking Partners LLP increased its holdings in Valaris by 21.1% in the 4th quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock worth $15,103,000 after acquiring an additional 52,278 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Valaris in the third quarter worth about $1,205,000. American Century Companies Inc. grew its stake in Valaris by 87.1% in the 3rd 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 in the last quarter. Finally, 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 valued at $44,012,000 after purchasing an additional 470,419 shares during the period. Institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

VAL has been the topic of several research analyst reports. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Susquehanna lifted their price target on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Pareto Securities lowered shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $63.19.

Valaris Stock Performance

Shares of VAL stock opened at $83.05 on Thursday. The company’s 50-day moving average is $95.24 and its 200 day moving average is $80.24. Valaris Limited has a one year low of $41.03 and a one year high of $114.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 5.82 and a beta of 0.91.

Valaris (NYSE:VAL) last issued 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). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. During the same period last year, the firm posted ($0.53) EPS. Valaris’s quarterly revenue was down 25.0% compared to the same quarter last year. Sell-side analysts expect 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.