Geode Capital Management LLC Sells 24,987 Shares of Valaris Limited $VAL

Geode Capital Management LLC decreased its position in shares of Valaris Limited (NYSE:VAL) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,581,095 shares of the company’s stock after selling 24,987 shares during the period. Geode Capital Management LLC owned approximately 2.27% of Valaris worth $79,699,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Valaris by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Valaris by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after acquiring an additional 4,263 shares during the last quarter. Prudential Financial Inc. increased its position in Valaris by 4.1% during 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 last quarter. Russell Investments Group Ltd. increased its position in Valaris by 17.3% during the second quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock valued at $570,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Valaris during the second quarter valued at $249,000. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Down 0.2%

Shares of Valaris stock opened at $88.35 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. Valaris Limited has a 1 year low of $40.17 and a 1 year high of $114.12. The firm’s 50-day moving average is $97.04 and its two-hundred day moving average is $78.42. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 6.19 and a beta of 0.91.

Valaris (NYSE:VAL) last issued its 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 business had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same quarter in the previous year, the company earned ($0.53) earnings per share. The firm’s revenue was down 25.0% on a year-over-year basis. As a group, research analysts expect that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on VAL. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna boosted their price objective 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 report on Wednesday, May 6th. Finally, Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Monday, February 23rd. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $63.19.

About Valaris

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.