Brandywine Global Investment Management LLC Has $8.81 Million Stock Holdings in Valaris Limited $VAL

Brandywine Global Investment Management LLC decreased its position in shares of Valaris Limited (NYSE:VAL) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 174,724 shares of the company’s stock after selling 6,160 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Valaris were worth $8,806,000 at the end of the most recent quarter.

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

Valaris Stock Performance

Shares of Valaris stock opened at $87.40 on Wednesday. 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 firm has a market cap of $6.05 billion, a price-to-earnings ratio of 6.12 and a beta of 0.91. The stock’s 50-day moving average is $96.54 and its 200-day moving average is $78.89. Valaris Limited has a one year low of $41.03 and a one year high of $114.12.

Valaris (NYSE:VAL) last announced its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The firm 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 quarterly revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.53) EPS. Equities analysts predict that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VAL has been the topic of several recent analyst reports. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Pareto Securities cut 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. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Susquehanna upped their price target on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Valaris presently has a consensus 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.