Squarepoint Ops LLC Has $17.31 Million Stake in Valaris Limited $VAL

Squarepoint Ops LLC lifted its position in shares of Valaris Limited (NYSE:VAL) by 48.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,445 shares of the company’s stock after acquiring an additional 78,105 shares during the quarter. Squarepoint Ops LLC owned approximately 0.34% of Valaris worth $17,311,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VAL. Public Employees Retirement System of Ohio bought a new stake in shares of Valaris during the 2nd quarter valued at $42,000. Harbor Investment Advisory LLC bought a new position in shares of Valaris in the 2nd quarter worth $46,000. Wexford Capital LP acquired a new stake in shares of Valaris during the third quarter worth $41,000. Parallel Advisors LLC grew its stake in shares of Valaris by 33.5% during the first quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $104,000 after purchasing an additional 267 shares during the period. Finally, Longview Financial Advisors Inc. bought a new stake in Valaris in the first quarter valued at about $105,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Trading Down 0.6%

Shares of NYSE:VAL opened at $85.00 on Thursday. The company’s 50-day moving average price is $81.48 and its two-hundred day moving average price is $89.02. Valaris Limited has a one year low of $46.70 and a one year high of $114.12. 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 stock has a market capitalization of $5.90 billion, a PE ratio of 6.35 and a beta of 0.93.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.41. The business had revenue of $539.20 million during the quarter, compared to analysts’ expectations of $488.52 million. Valaris had a return on equity of 9.25% and a net margin of 43.95%.Valaris’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company posted $1.61 earnings per share. On average, equities analysts forecast that Valaris Limited will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

VAL has been the topic of several analyst reports. Weiss Ratings upgraded shares of Valaris from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Susquehanna boosted their price target on shares of Valaris from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $64.67.

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.