Valaris Limited $VAL is Dalal Street LLC’s 4th Largest Position

Dalal Street LLC lowered its holdings in Valaris Limited (NYSE:VAL) by 56.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 459,098 shares of the company’s stock after selling 607,157 shares during the period. Valaris accounts for 5.8% of Dalal Street LLC’s investment portfolio, making the stock its 4th biggest position. Dalal Street LLC owned about 0.66% of Valaris worth $23,139,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Valaris by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 acquiring an additional 4,263 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Valaris by 4.1% in the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after acquiring an additional 230 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Valaris by 17.3% in the second quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock valued at $570,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Valaris in the second quarter valued at $249,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VAL shares. Susquehanna lifted their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Pareto Securities cut 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 equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $63.19.

Valaris Trading Up 0.3%

Shares of VAL opened at $90.02 on Friday. The stock’s 50-day moving average is $96.06 and its two-hundred day moving average is $79.47. The stock has a market cap of $6.23 billion, a PE ratio of 6.30 and a beta of 0.91. Valaris Limited has a 12 month low of $41.03 and a 12 month high of $114.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The company had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The company’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.53) EPS. Equities analysts forecast that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

About Valaris

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.