6,863 Shares in Valaris Limited $VAL Purchased by Saranac Partners Ltd

Saranac Partners Ltd purchased a new position in Valaris Limited (NYSE:VAL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,863 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of VAL. ANTIPODES PARTNERS Ltd raised its holdings in shares of Valaris by 8,034.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after purchasing an additional 573,065 shares in the last quarter. Trek Financial LLC bought a new stake in Valaris during the third quarter worth approximately $3,305,000. Hara Capital LLC grew its position in Valaris by 29.1% in the second quarter. Hara Capital LLC now owns 173,382 shares of the company’s stock worth $7,301,000 after buying an additional 39,055 shares during the last quarter. Third Avenue Management LLC grew its position in Valaris by 2.8% in the second quarter. Third Avenue Management LLC now owns 585,921 shares of the company’s stock worth $24,673,000 after buying an additional 16,082 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Valaris in the second quarter valued at $17,748,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VAL has been the subject of several research reports. Pareto Securities lowered 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. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Citigroup decreased their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $56.50.

Valaris Price Performance

Shares of NYSE:VAL opened at $92.56 on Thursday. The company’s fifty day moving average is $76.20 and its two-hundred day moving average is $61.04. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $102.19. The company has a market cap of $6.41 billion, a P/E ratio of 6.62 and a beta of 1.07.

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.