Valaris Limited $VAL Holdings Cut by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Valaris Limited (NYSE:VAL) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 812,243 shares of the company’s stock after selling 102,942 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Valaris were worth $40,937,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VAL. Schf GPE LLC bought a new position in Valaris in the second quarter worth about $77,675,000. American Century Companies Inc. lifted its holdings in Valaris by 87.1% in the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after acquiring an additional 592,971 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its holdings in Valaris by 8,034.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after acquiring an additional 573,065 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in Valaris by 108.9% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after acquiring an additional 470,419 shares during the last quarter. Finally, Norges Bank bought a new position in Valaris in the fourth quarter worth about $23,581,000. Institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VAL. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna raised their target price on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a report on Monday, February 23rd. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Valaris has an average rating of “Reduce” and an average target price of $63.19.

Valaris Stock Performance

VAL opened at $90.02 on Monday. The business’s 50 day moving average is $96.06 and its 200-day moving average is $79.64. The stock has a market cap of $6.23 billion, a PE ratio of 6.30 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 Limited has a twelve month low of $41.03 and a twelve month high of $114.12.

Valaris (NYSE:VAL) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The business had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period last year, the firm posted ($0.53) EPS. On average, analysts predict 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.