18,647 Shares in Valaris Limited $VAL Bought by Marnell Management LLC

Marnell Management LLC acquired a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,647 shares of the company’s stock, valued at approximately $940,000.

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

Valaris Stock Up 0.1%

Valaris stock opened at $90.02 on Monday. 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 Limited has a fifty-two week low of $41.03 and a fifty-two week high of $114.12. The stock’s fifty day moving average is $96.06 and its two-hundred day moving average is $79.64. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 6.30 and a beta of 0.91.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $443.75 million. During the same quarter in the prior year, the company earned ($0.53) earnings per share. The firm’s revenue was down 25.0% compared to the same quarter last year. Analysts predict that Valaris Limited will post 3.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VAL has been the topic of several research reports. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Pareto Securities lowered 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. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Susquehanna upped 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. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Valaris presently has a consensus rating of “Reduce” and a consensus price target of $63.19.

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.