Vanguard Group Inc. Reduces Position in Valaris Limited $VAL

Vanguard Group Inc. lowered its position in Valaris Limited (NYSE:VAL) by 0.5% in the 3rd quarter, Holdings Channel reports. The firm owned 6,061,569 shares of the company’s stock after selling 33,114 shares during the quarter. Vanguard Group Inc. owned 0.09% of Valaris worth $295,623,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Valaris by 50.5% in the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after buying an additional 261 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Valaris by 13,400.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after purchasing an additional 1,206 shares during the last quarter. Strs Ohio grew its stake in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Valaris by 106.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,780 shares of the company’s stock valued at $75,000 after buying an additional 919 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after buying an additional 1,308 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays raised their price target on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. BTIG Research boosted their target price on shares of Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Citigroup decreased their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Finally, Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Valaris presently has an average rating of “Hold” and an average price target of $56.50.

Valaris Price Performance

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

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.