VIRGINIA RETIREMENT SYSTEMS ET Al Invests $368,000 in Valaris Limited $VAL

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Valaris Limited (NYSE:VAL) in the 4th quarter, HoldingsChannel reports. The firm purchased 7,300 shares of the company’s stock, valued at approximately $368,000.

A number of other large investors also recently bought and sold shares of VAL. UMB Bank n.a. boosted its position in Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after purchasing an additional 261 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Valaris during the 3rd quarter valued at approximately $41,000. Signaturefd LLC grew its stake in Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after acquiring an additional 205 shares during the period. Strs Ohio increased its holdings in Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after acquiring an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after acquiring an additional 1,308 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Susquehanna raised their price target on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $63.19.

Valaris Stock Performance

NYSE:VAL opened at $113.31 on Tuesday. The company has a market cap of $7.85 billion, a P/E ratio of 7.94 and a beta of 0.97. Valaris Limited has a twelve month low of $35.20 and a twelve month high of $114.12. The company’s 50-day moving average price is $96.14 and its 200-day moving average price is $74.38. 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 (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). The business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The firm’s revenue was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.53) EPS. On average, sell-side analysts forecast that Valaris Limited will post 3.41 earnings per share 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.