Valaris Limited $VAL Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of Valaris Limited (NYSE:VAL) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 812,243 shares of the company’s stock after selling 102,942 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 1.17% of Valaris worth $40,937,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Eschler Asset Management LLP grew its stake in shares of Valaris by 10.0% during the fourth quarter. Eschler Asset Management LLP now owns 14,300 shares of the company’s stock valued at $721,000 after acquiring an additional 1,300 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Valaris by 20.2% during the fourth quarter. Kestra Advisory Services LLC now owns 5,136 shares of the company’s stock valued at $259,000 after acquiring an additional 862 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Valaris during the fourth quarter valued at about $4,057,000. Bridgewater Associates LP grew its stake in shares of Valaris by 638.2% during the fourth quarter. Bridgewater Associates LP now owns 75,950 shares of the company’s stock valued at $3,828,000 after acquiring an additional 65,662 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Valaris during the fourth quarter valued at about $206,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VAL. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna raised their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, February 23rd. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $63.19.

Valaris Stock Up 0.1%

NYSE:VAL opened at $90.02 on Monday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 6.30 and a beta of 0.91. Valaris Limited has a one year low of $41.03 and a one year high of $114.12. The stock has a 50-day simple moving average of $96.06 and a 200 day simple moving average of $79.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The firm had revenue of $465.40 million during 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 firm’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.53) earnings per share. Sell-side analysts predict that Valaris Limited will post 3.18 EPS for the current fiscal 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.