Strs Ohio Buys 15,000 Shares of Valaris Limited $VAL

Strs Ohio boosted its stake in Valaris Limited (NYSE:VALFree Report) by 1,250.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 16,200 shares of the company’s stock after buying an additional 15,000 shares during the period. Strs Ohio’s holdings in Valaris were worth $1,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its stake in Valaris by 2.7% during the first quarter. Pictet Asset Management Holding SA now owns 10,610 shares of the company’s stock worth $1,040,000 after acquiring an additional 283 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Valaris in the 1st quarter valued at $1,833,000. Longview Financial Advisors Inc. bought a new stake in shares of Valaris in the 1st quarter worth about $105,000. Tactive Advisors LLC acquired a new stake in shares of Valaris during the 1st quarter worth about $264,000. Finally, Asset Allocation & Management Company LLC bought a new position in Valaris during the 1st quarter valued at about $372,000. 96.74% of the stock is currently owned by institutional investors.

Valaris Stock Performance

Shares of NYSE:VAL opened at $74.70 on Wednesday. The business has a fifty day moving average of $90.28 and a 200-day moving average of $82.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. Valaris Limited has a twelve month low of $43.53 and a twelve month high of $114.12. The firm has a market cap of $5.17 billion, a PE ratio of 5.23 and a beta of 0.93.

Valaris (NYSE:VALGet Free Report) last issued its quarterly 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). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The company had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same quarter last year, the company earned ($0.53) EPS. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. On average, equities research analysts predict that Valaris Limited will post 3.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on VAL shares. Susquehanna boosted their price target on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Valaris has an average rating of “Reduce” and a consensus target price of $63.19.

Read Our Latest Research Report on VAL

Valaris Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Valaris (NYSE:VAL)

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