31,106 Shares in Valaris Limited $VAL Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC purchased a new position in Valaris Limited (NYSE:VALFree Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 31,106 shares of the company’s stock, valued at approximately $2,258,000.

Several other large investors also recently made changes to their positions in the business. WINTON GROUP Ltd grew its stake in shares of Valaris by 0.5% in the 4th quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after purchasing an additional 146 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Valaris by 0.5% during the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock valued at $3,085,000 after purchasing an additional 169 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after buying an additional 200 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Valaris by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock worth $746,000 after buying an additional 214 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in Valaris by 4.1% in the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after buying an additional 230 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Down 0.3%

VAL stock opened at $86.04 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $5.97 billion, a P/E ratio of 6.43 and a beta of 0.94. Valaris Limited has a 52-week low of $46.70 and a 52-week high of $114.12. The company’s 50 day simple moving average is $79.61 and its 200-day simple moving average is $89.17.

Valaris (NYSE:VALGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.41. The company had revenue of $539.20 million for the quarter, compared to the consensus estimate of $488.52 million. Valaris had a net margin of 43.95% and a return on equity of 9.25%. The company’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 EPS. As a group, equities research analysts anticipate that Valaris Limited will post 3.18 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on VAL. Susquehanna upped their price target on Valaris from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded Valaris from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $60.94.

View Our Latest Analysis on VAL

Valaris 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.

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Institutional Ownership by Quarter for Valaris (NYSE:VAL)

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