Intech Investment Management LLC Has $1.08 Million Position in Valaris Limited $VAL

Intech Investment Management LLC cut its position in Valaris Limited (NYSE:VAL) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,081 shares of the company’s stock after selling 9,403 shares during the quarter. Intech Investment Management LLC’s holdings in Valaris were worth $1,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in shares of Valaris by 4.1% in the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after acquiring an additional 230 shares during the period. UMB Bank n.a. grew its stake in shares of Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after acquiring an additional 261 shares in the last quarter. Arizona State Retirement System increased its position in Valaris by 1.4% during the third quarter. Arizona State Retirement System now owns 18,927 shares of the company’s stock worth $923,000 after acquiring an additional 270 shares during the period. GAMMA Investing LLC raised its stake in Valaris by 11.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock worth $130,000 after purchasing an additional 281 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in Valaris by 4.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,632 shares of the company’s stock worth $372,000 after purchasing an additional 301 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VAL shares. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup cut their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Finally, 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 report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Valaris has an average rating of “Hold” and an average price target of $56.50.

Valaris Stock Down 3.4%

VAL stock opened at $87.52 on Friday. The company has a market cap of $6.06 billion, a PE ratio of 6.26 and a beta of 1.07. The business has a 50-day simple moving average of $69.54 and a 200 day simple moving average of $58.55. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $102.19. 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 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.