Intech Investment Management LLC Sells 9,403 Shares of Valaris Limited $VAL

Intech Investment Management LLC trimmed its holdings in shares of Valaris Limited (NYSE:VAL) by 29.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,081 shares of the company’s stock after selling 9,403 shares during the period. Intech Investment Management LLC’s holdings in Valaris were worth $1,077,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Prudential Financial Inc. grew its holdings in Valaris by 4.1% during the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after purchasing an additional 230 shares during the period. UMB Bank n.a. raised its stake in Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after buying an additional 261 shares during the period. Arizona State Retirement System raised its stake in Valaris by 1.4% in the third quarter. Arizona State Retirement System now owns 18,927 shares of the company’s stock valued at $923,000 after buying an additional 270 shares during the period. GAMMA Investing LLC lifted its position in shares of Valaris by 11.8% in the third quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock valued at $130,000 after buying an additional 281 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Valaris by 4.1% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,632 shares of the company’s stock valued at $372,000 after buying an additional 301 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Monday, February 23rd. Citigroup dropped their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. 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 has an average rating of “Hold” and an average target price of $56.50.

Valaris Stock Down 3.4%

Valaris stock opened at $87.52 on Friday. The company’s 50-day moving average price is $69.54 and its two-hundred day moving average price is $58.55. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.06 billion, a P/E ratio of 6.26 and a beta of 1.07. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $102.19.

Valaris Company 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.