Hosking Partners LLP Acquires 52,278 Shares of Valaris Limited $VAL

Hosking Partners LLP raised its holdings in shares of Valaris Limited (NYSE:VAL) by 21.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 299,669 shares of the company’s stock after buying an additional 52,278 shares during the quarter. Hosking Partners LLP’s holdings in Valaris were worth $15,103,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake 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 purchasing an additional 261 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Valaris in the 3rd quarter valued at approximately $41,000. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 205 shares during the last quarter. Strs Ohio lifted its stake in shares of Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after purchasing 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 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after purchasing an additional 1,308 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Trading Up 0.2%

Shares of VAL opened at $95.21 on Monday. Valaris Limited has a 1-year low of $35.20 and a 1-year high of $105.35. The company has a 50-day moving average of $94.99 and a 200 day moving average of $72.01. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 6.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same quarter in the previous year, the business earned ($0.53) EPS. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. On average, research analysts expect that Valaris Limited will post 3.41 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.