Valaris Limited $VAL Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in shares of Valaris Limited (NYSE:VAL) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,388 shares of the company’s stock after selling 8,009 shares during the period. Legal & General Group Plc owned about 0.15% of Valaris worth $5,312,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VAL. Schf GPE LLC acquired a new stake in shares of Valaris during the second quarter valued at about $77,675,000. American Century Companies Inc. grew its stake in shares of Valaris by 87.1% during the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after acquiring an additional 592,971 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Valaris by 8,034.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after acquiring an additional 573,065 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in shares of Valaris by 108.9% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after acquiring an additional 470,419 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Valaris by 212.8% during the third quarter. Ameriprise Financial Inc. now owns 470,076 shares of the company’s stock valued at $22,926,000 after acquiring an additional 319,780 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Pareto Securities cut shares of 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. Susquehanna increased their price target on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Finally, BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $63.19.

Valaris Price Performance

Shares of NYSE:VAL opened at $88.35 on Monday. The firm’s 50 day moving average is $97.04 and its two-hundred day moving average is $78.42. Valaris Limited has a 52 week low of $40.17 and a 52 week high of $114.12. The firm has a market capitalization of $6.12 billion, a P/E ratio of 6.19 and a beta of 0.91. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The firm had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. During the same quarter in the previous year, the business posted ($0.53) EPS. Valaris’s revenue for the quarter was down 25.0% compared to the same quarter last year. Analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current year.

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.