Sterling Capital Management LLC Sells 12,918 Shares of Valaris Limited $VAL

Sterling Capital Management LLC reduced its holdings in shares of Valaris Limited (NYSE:VAL) by 86.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,081 shares of the company’s stock after selling 12,918 shares during the quarter. Sterling Capital Management LLC’s holdings in Valaris were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wexford Capital LP purchased a new position in shares of Valaris in the third quarter worth about $41,000. Longview Financial Advisors Inc. bought a new position in Valaris in the 1st quarter worth approximately $105,000. Signaturefd LLC raised its holdings 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 acquiring an additional 205 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Valaris during the 4th quarter valued at $99,000. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VAL has been the topic of a number of analyst reports. BTIG Research lowered shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Susquehanna upped their target price on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Valaris has an average rating of “Reduce” and an average price target of $63.19.

Valaris Trading Up 0.8%

NYSE VAL traded up $0.58 during trading on Tuesday, hitting $74.11. 31,855 shares of the company’s stock traded hands, compared to its average volume of 1,267,381. Valaris Limited has a 12-month low of $43.53 and a 12-month high of $114.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a fifty day moving average of $90.61 and a two-hundred day moving average of $81.97. The firm has a market cap of $5.13 billion, a P/E ratio of 5.19 and a beta of 0.93.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The company had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.Valaris’s revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.53) earnings per share. As a group, sell-side analysts expect that Valaris Limited will post 3.18 EPS for the current year.

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.