Healthcare of Ontario Pension Plan Trust Fund Grows Holdings in Valaris Limited $VAL

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Valaris Limited (NYSE:VAL) by 67.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,363,230 shares of the company’s stock after purchasing an additional 550,987 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Valaris were worth $133,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Schf GPE LLC purchased a new position in Valaris in the second quarter worth $77,675,000. Norges Bank bought a new position in Valaris in the fourth quarter valued at $23,581,000. Ameriprise Financial Inc. raised its position in 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 purchasing an additional 319,780 shares in the last quarter. Goehring & Rozencwajg Associates LLC raised its position in Valaris by 24.2% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,319,351 shares of the company’s stock valued at $129,349,000 after purchasing an additional 257,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Valaris by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock valued at $163,031,000 after purchasing an additional 206,305 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

VAL has been the subject of a number of research reports. Susquehanna cut their price objective on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Valaris currently has an average rating of “Reduce” and an average price target of $60.31.

Valaris Price Performance

Shares of NYSE:VAL opened at $79.63 on Friday. The stock has a market cap of $5.51 billion, a PE ratio of 5.58 and a beta of 0.93. The company’s fifty day moving average is $84.90 and its 200 day moving average is $84.44. Valaris Limited has a 52 week low of $43.53 and a 52 week high of $114.12. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share 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 during the quarter, compared to the consensus estimate of $443.75 million. During the same period in the prior year, the firm earned ($0.53) earnings per share. The business’s revenue for the quarter was down 25.0% on a year-over-year basis. Research analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current year.

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.