Stanley Laman Group Ltd. Grows Stake in Valaris Limited $VAL

Stanley Laman Group Ltd. increased its position in shares of Valaris Limited (NYSE:VAL) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,122 shares of the company’s stock after buying an additional 5,163 shares during the quarter. Valaris comprises 0.8% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 25th biggest holding. Stanley Laman Group Ltd.’s holdings in Valaris were worth $6,155,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Valaris by 50.5% during the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after buying an additional 261 shares during the last quarter. Wexford Capital LP purchased a new position in Valaris during the 3rd quarter worth approximately $41,000. Signaturefd LLC grew 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 buying an additional 205 shares during the last quarter. Strs Ohio grew its stake in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew 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 buying an additional 1,308 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 0.0%

Valaris stock opened at $97.59 on Monday. Valaris Limited has a twelve month low of $29.60 and a twelve month high of $105.35. The stock has a 50 day moving average of $90.81 and a two-hundred day moving average of $66.73. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 6.98 and a beta of 1.04.

Wall Street Analyst Weigh In

VAL has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research note on Monday, February 23rd. Susquehanna raised their price target on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Citigroup dropped their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Valaris presently has an average rating of “Reduce” and a consensus target price of $61.72.

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.