Eschler Asset Management LLP Invests $634,000 in Valaris Limited $VAL

Eschler Asset Management LLP purchased a new position in shares of Valaris Limited (NYSE:VAL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,000 shares of the company’s stock, valued at approximately $634,000.

Several other large investors also recently bought and sold shares of VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after purchasing an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Valaris by 3.0% in 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 purchasing an additional 4,263 shares during the last quarter. Savant Capital LLC purchased a new position in Valaris during the second quarter worth approximately $326,000. Geode Capital Management LLC lifted its position in Valaris by 3.4% during the second quarter. Geode Capital Management LLC now owns 1,592,885 shares of the company’s stock worth $67,084,000 after buying an additional 52,367 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Valaris by 6.1% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,180 shares of the company’s stock worth $597,000 after buying an additional 816 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 0.8%

Shares of VAL stock opened at $92.65 on Friday. The company has a 50-day moving average of $72.87 and a two-hundred day moving average of $59.72. The firm has a market cap of $6.41 billion, a PE ratio of 6.62 and a beta of 1.07. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $102.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77.

Analyst Upgrades and Downgrades

VAL has been the subject of several analyst reports. Citigroup dropped their target price on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Monday, February 23rd. Ten analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Valaris presently has an average rating of “Reduce” and a consensus price target of $56.50.

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.