Lingotto Investment Management LLP grew its holdings in Valaris Limited (NYSE:VAL – Free Report) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,719,176 shares of the company’s stock after purchasing an additional 8,247 shares during the quarter. Valaris comprises about 3.3% of Lingotto Investment Management LLP’s portfolio, making the stock its 10th biggest position. Lingotto Investment Management LLP owned approximately 0.05% of Valaris worth $187,446,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Valaris by 8.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,028,408 shares of the company’s stock valued at $147,699,000 after purchasing an additional 229,956 shares during the period. Schf GPE LLC acquired a new position in shares of Valaris in the 2nd quarter valued at about $77,675,000. 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. Waverton Investment Management Ltd raised its stake in Valaris by 0.4% during the 3rd quarter. Waverton Investment Management Ltd now owns 963,912 shares of the company’s stock worth $46,996,000 after buying an additional 4,056 shares during the period. Finally, Goehring & Rozencwajg Associates LLC raised its stake in Valaris by 108.9% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after buying an additional 470,419 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have commented on VAL shares. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, February 23rd. Susquehanna upped their target price on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Valaris currently has an average rating of “Reduce” and an average price target of $63.19.
Valaris Stock Up 0.8%
Shares of NYSE:VAL opened at $93.37 on Tuesday. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 6.54 and a beta of 0.91. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12-month low of $37.79 and a 12-month high of $114.12. The business’s 50 day moving average is $97.43 and its 200 day moving average is $77.43.
Valaris (NYSE:VAL – Get Free Report) last announced its 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 analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.53) EPS. On average, sell-side analysts forecast that Valaris Limited will post 3.41 earnings per share for the current fiscal 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.
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