Rockefeller Capital Management L.P. Sells 201,882 Shares of Valaris Limited $VAL

Rockefeller Capital Management L.P. decreased its stake in Valaris Limited (NYSE:VAL) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,852 shares of the company’s stock after selling 201,882 shares during the quarter. Rockefeller Capital Management L.P. owned 0.34% of Valaris worth $11,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VAL. Schf GPE LLC bought a new stake in shares of Valaris in the 2nd quarter valued at about $77,675,000. American Century Companies Inc. raised its position in shares of Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after acquiring an additional 592,971 shares during the period. Norges Bank bought a new position in Valaris during the 4th quarter worth approximately $23,581,000. Ameriprise Financial Inc. boosted its stake in Valaris by 212.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 470,076 shares of the company’s stock worth $22,926,000 after acquiring an additional 319,780 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Valaris by 8.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,028,408 shares of the company’s stock valued at $147,699,000 after purchasing an additional 229,956 shares during the period. Institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 4.1%

NYSE VAL opened at $75.34 on Thursday. Valaris Limited has a one year low of $41.03 and a one year 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 cap of $5.22 billion, a P/E ratio of 5.28 and a beta of 0.91. The stock’s 50-day moving average is $93.18 and its 200-day moving average is $80.94.

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 business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. During the same quarter in the prior year, the firm posted ($0.53) earnings per share. Valaris’s revenue for the quarter was down 25.0% compared to the same quarter last year. Sell-side analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Susquehanna boosted their price target on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $63.19.

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.