Hussman Strategic Advisors Inc. Invests $1.06 Million in Valaris Limited $VAL

Hussman Strategic Advisors Inc. bought a new position in Valaris Limited (NYSE:VAL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 21,000 shares of the company’s stock, valued at approximately $1,058,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VAL. UMB Bank n.a. increased its position in Valaris by 50.5% during 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. Wexford Capital LP bought a new position in Valaris during the 3rd quarter valued at approximately $41,000. Signaturefd LLC increased its position in Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after buying an additional 205 shares in the last quarter. Strs Ohio increased its position in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after buying an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Valaris by 240.0% during the 2nd 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 in the last quarter. Institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

VAL has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Susquehanna raised their price objective on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research report on Monday, February 23rd. Finally, BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $63.19.

Valaris Stock Down 0.0%

Valaris stock opened at $102.19 on Monday. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 7.30 and a beta of 0.97. The stock has a fifty day simple moving average of $95.14 and a two-hundred day simple moving average of $71.08. Valaris Limited has a 12 month low of $35.20 and a 12 month high of $105.35. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.34.

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.