Mirabella Financial Services LLP Decreases Holdings in Valaris Limited $VAL

Mirabella Financial Services LLP decreased its stake in Valaris Limited (NYSE:VAL) by 66.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,000 shares of the company’s stock after selling 60,000 shares during the period. Mirabella Financial Services LLP’s holdings in Valaris were worth $1,263,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of VAL. Blume Capital Management Inc. raised its holdings in shares of Valaris by 56.5% in the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Fifth Third Bancorp raised its stake in shares of Valaris by 77.9% in the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after buying an additional 360 shares during the period. Signaturefd LLC lifted its position in shares of Valaris by 45.4% during the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after buying an additional 286 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Valaris by 13,400.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock worth $51,000 after acquiring an additional 1,206 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Valaris in the 2nd quarter worth about $56,000. 96.74% of the stock is owned by institutional investors.

Valaris Stock Performance

NYSE:VAL opened at $59.53 on Friday. The stock has a market cap of $4.14 billion, a P/E ratio of 10.61 and a beta of 1.16. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $53.79 and its two-hundred day moving average price is $48.89. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $61.21.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $1.65. The business had revenue of $595.70 million during the quarter, compared to analyst estimates of $568.41 million. Valaris had a net margin of 16.51% and a return on equity of 17.27%. Valaris’s revenue was down 7.4% on a year-over-year basis. As a group, equities analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VAL has been the subject of a number of research reports. SEB Equity Research set a $45.50 target price on shares of Valaris in a research report on Monday, September 1st. Susquehanna increased their target price on Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Wall Street Zen upgraded Valaris from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Clarkson Capital cut Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price objective on the stock. in a report on Tuesday, September 2nd. Finally, Capital One Financial set a $55.00 price target on Valaris in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.50.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.