Great Lakes Advisors LLC Invests $1.72 Million in Valaris Limited $VAL

Great Lakes Advisors LLC acquired a new position in Valaris Limited (NYSE:VAL) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 35,157 shares of the company’s stock, valued at approximately $1,715,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Schf GPE LLC bought a new position in shares of Valaris in the second quarter worth $77,675,000. American Century Companies Inc. raised its stake in shares of Valaris by 491.1% during the second quarter. American Century Companies Inc. now owns 681,067 shares of the company’s stock valued at $28,680,000 after purchasing an additional 565,856 shares in the last quarter. Dalal Street LLC lifted its holdings in Valaris by 32.0% in the second quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock worth $79,326,000 after purchasing an additional 456,213 shares during the period. Norges Bank bought a new position in Valaris in the 2nd quarter valued at about $17,748,000. Finally, HRT Financial LP increased its stake in Valaris by 1,539.0% during the 2nd quarter. HRT Financial LP now owns 215,564 shares of the company’s stock valued at $9,077,000 after buying an additional 202,412 shares during the period. Institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 1.9%

Shares of NYSE VAL opened at $57.68 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $61.70. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 10.28 and a beta of 1.17. The business has a fifty day simple moving average of $54.18 and a 200-day simple moving average of $51.97.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $1.65. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The firm had revenue of $595.70 million for the quarter, compared to the consensus estimate of $568.41 million. The company’s revenue was down 7.4% on a year-over-year basis. Sell-side analysts predict that Valaris Limited will post 3.96 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Susquehanna raised their target price on Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Citigroup dropped their price target on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $53.56.

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.