Bessemer Group Inc. Buys 32,100 Shares of Valaris Limited $VAL

Bessemer Group Inc. increased its stake in Valaris Limited (NYSE:VAL) by 60.8% in the 1st quarter, Holdings Channel reports. The firm owned 84,917 shares of the company’s stock after purchasing an additional 32,100 shares during the period. Bessemer Group Inc.’s holdings in Valaris were worth $8,325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Valaris by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after buying an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Valaris by 3.0% in the 1st 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 buying an additional 4,263 shares during the last quarter. Prudential Financial Inc. raised its holdings in Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after acquiring an additional 230 shares during the period. Russell Investments Group Ltd. raised its holdings in Valaris by 17.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after acquiring an additional 1,996 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Valaris during the 2nd quarter worth $249,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

NYSE VAL opened at $76.56 on Monday. The company’s fifty day moving average is $87.12 and its two-hundred day moving average is $83.71. Valaris Limited has a 52-week low of $43.53 and a 52-week 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. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 5.36 and a beta of 0.93.

Valaris (NYSE:VAL) last announced 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). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same period in the prior year, the company posted ($0.53) EPS. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. Equities research analysts forecast that Valaris Limited will post 3.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VAL shares. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna dropped their price objective on Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Valaris currently has a consensus rating of “Reduce” and a consensus price target of $60.31.

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.