Jennison Associates LLC Invests $908,000 in Valaris Limited $VAL

Jennison Associates LLC bought a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, Holdings Channel.com reports. The fund bought 18,019 shares of the company’s stock, valued at approximately $908,000.

Several other large investors have also recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 261 shares during the period. Wexford Capital LP bought a new position in shares of Valaris during the 3rd quarter worth about $41,000. Signaturefd LLC increased its holdings in shares of Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the period. Strs Ohio raised its position in shares of Valaris by 100.0% during the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after buying an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of 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 period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Susquehanna lifted their target price on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Finally, Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Monday, February 23rd. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

Valaris Price Performance

Shares of Valaris stock opened at $102.19 on Monday. The firm has a market cap of $7.08 billion, a P/E ratio of 7.30 and a beta of 0.97. The firm’s 50-day simple moving average is $95.14 and its 200-day simple moving average is $71.08. Valaris Limited has a twelve month low of $35.20 and a twelve month high of $105.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77.

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.