American Century Companies Inc. Raises Stock Position in Valaris Limited $VAL

American Century Companies Inc. lifted its position in Valaris Limited (NYSE:VAL) by 87.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,274,038 shares of the company’s stock after purchasing an additional 592,971 shares during the period. American Century Companies Inc.’s holdings in Valaris were worth $62,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Schf GPE LLC purchased a new position in shares of Valaris during the second quarter valued at $77,675,000. ANTIPODES PARTNERS Ltd grew its holdings in Valaris by 8,034.0% during the 3rd 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 in the last quarter. Goehring & Rozencwajg Associates LLC increased its position in Valaris by 108.9% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after purchasing an additional 470,419 shares during the period. Dalal Street LLC raised its holdings in shares of Valaris by 32.0% in the 2nd quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock valued at $79,326,000 after purchasing an additional 456,213 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Valaris in the 2nd quarter worth approximately $17,748,000. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

VAL has been the topic of a number of recent research reports. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Monday, February 23rd. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Barclays lifted their price target on Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Finally, Citigroup cut their price objective on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Valaris Stock Performance

Shares of VAL opened at $94.39 on Thursday. Valaris Limited has a one year low of $27.15 and a one year high of $102.19. The stock has a market cap of $6.53 billion, a P/E ratio of 6.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a 50-day moving average of $67.95 and a two-hundred day moving average of $57.93.

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.