Valaris Limited $VAL Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in Valaris Limited (NYSE:VAL) by 94.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,454 shares of the company’s stock after selling 126,152 shares during the quarter. Pacer Advisors Inc.’s holdings in Valaris were worth $731,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new position in shares of Valaris during the third quarter worth $41,000. Parallel Advisors LLC raised its holdings in shares of Valaris by 33.5% in the 1st quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock valued at $104,000 after buying an additional 267 shares during the period. Longview Financial Advisors Inc. purchased a new stake in shares of Valaris in the 1st quarter valued at $105,000. Signaturefd LLC lifted its stake in Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Valaris by 240.0% during the 2nd 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. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Trading Up 8.4%

VAL opened at $85.36 on Tuesday. The business has a fifty day moving average price of $79.92 and a 200 day moving average price of $86.55. 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 Limited has a 12 month low of $43.53 and a 12 month high of $114.12. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 6.37 and a beta of 0.94.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.41. The company had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. Valaris had a return on equity of 9.25% and a net margin of 43.95%.Valaris’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. Sell-side analysts expect that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VAL shares. Susquehanna lifted their target price on Valaris from $75.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Monday, August 3rd. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $60.94.

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.