14,255 Shares in Valaris Limited $VAL Bought by X Square Capital LLC

X Square Capital LLC acquired a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,255 shares of the company’s stock, valued at approximately $718,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ANTIPODES PARTNERS Ltd lifted its stake in shares of Valaris by 8,034.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after purchasing an additional 573,065 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Valaris in the 3rd quarter valued at about $1,205,000. Hosking Partners LLP lifted its stake in shares of Valaris by 21.1% in the 4th quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock valued at $15,103,000 after purchasing an additional 52,278 shares during the period. American Century Companies Inc. lifted its stake in shares of Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after purchasing an additional 592,971 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its stake in shares of Valaris by 108.9% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after purchasing an additional 470,419 shares during the period. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VAL shares. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Monday, February 23rd. Susquehanna boosted their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valaris currently has a consensus rating of “Reduce” and an average target price of $63.19.

Valaris Stock Performance

Shares of Valaris stock opened at $91.48 on Tuesday. Valaris Limited has a one year low of $41.03 and a one year high of $114.12. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 6.41 and a beta of 0.91. The business has a 50-day simple moving average of $96.83 and a 200 day simple moving average of $78.67. 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 issued 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 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%.The business’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.53) earnings per share. On average, research analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

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.