Valaris Limited $VAL Position Boosted by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC raised its position in Valaris Limited (NYSE:VAL) by 17.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,062,070 shares of the company’s stock after purchasing an additional 159,630 shares during the quarter. Valaris accounts for approximately 5.1% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 5th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Valaris were worth $53,528,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VAL. De Lisle Partners LLP grew its stake in shares of Valaris by 17.1% in the fourth quarter. De Lisle Partners LLP now owns 68,321 shares of the company’s stock valued at $3,444,000 after buying an additional 10,000 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Valaris in the fourth quarter valued at about $4,910,000. Rossby Financial LCC acquired a new stake in shares of Valaris in the fourth quarter valued at about $282,000. Brooklyn Investment Group acquired a new stake in shares of Valaris in the fourth quarter valued at about $460,000. Finally, Renaissance Technologies LLC grew its stake in shares of Valaris by 79.9% in the fourth quarter. Renaissance Technologies LLC now owns 209,000 shares of the company’s stock valued at $10,534,000 after buying an additional 92,800 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Price Performance

VAL stock opened at $90.02 on Friday. Valaris Limited has a 1 year low of $41.03 and a 1 year high of $114.12. The stock has a 50-day simple moving average of $96.06 and a 200-day simple moving average of $79.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $6.23 billion, a P/E ratio of 6.30 and a beta of 0.91.

Valaris (NYSE:VAL) last issued 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 business had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same quarter last year, the business earned ($0.53) EPS. Valaris’s revenue for the quarter was down 25.0% compared to the same quarter last year. On average, equities analysts predict that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

VAL has been the subject of a number of recent research reports. Pareto Securities lowered 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 lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Susquehanna increased their target price on Valaris from $96.00 to $98.00 and gave the company 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $63.19.

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.