Tejara Capital Ltd Has $5.38 Million Holdings in Valaris Limited $VAL

Tejara Capital Ltd decreased its holdings in Valaris Limited (NYSE:VAL) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,392 shares of the company’s stock after selling 10,974 shares during the quarter. Valaris accounts for approximately 2.8% of Tejara Capital Ltd’s investment portfolio, making the stock its 11th biggest holding. Tejara Capital Ltd owned 0.16% of Valaris worth $5,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VAL. Hara Capital LLC lifted its position in shares of Valaris by 29.1% during the 2nd quarter. Hara Capital LLC now owns 173,382 shares of the company’s stock worth $7,301,000 after buying an additional 39,055 shares in the last quarter. Trek Financial LLC purchased a new stake in shares of Valaris during the third quarter valued at approximately $3,305,000. Third Avenue Management LLC increased its position in shares of Valaris by 2.8% during the second quarter. Third Avenue Management LLC now owns 585,921 shares of the company’s stock valued at $24,673,000 after acquiring an additional 16,082 shares during the last quarter. Norges Bank bought a new stake in Valaris during the second quarter worth $17,748,000. Finally, SG Americas Securities LLC boosted its position in Valaris by 139.7% in the second quarter. SG Americas Securities LLC now owns 25,183 shares of the company’s stock worth $1,060,000 after purchasing an additional 14,676 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VAL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Susquehanna increased their price target on shares of Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. BTIG Research boosted their target price on shares of Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Barclays increased their target price on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Valaris has an average rating of “Hold” and an average price target of $53.56.

Valaris Price Performance

VAL opened at $57.68 on Friday. The firm has a 50-day moving average price of $54.18 and a 200-day moving average price of $51.97. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $61.70. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.28 and a beta of 1.17.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $1.65. Valaris had a net margin of 16.51% and a return on equity of 17.27%. The company had revenue of $595.70 million for the quarter, compared to analysts’ expectations of $568.41 million. The firm’s revenue was down 7.4% compared to the same quarter last year. Equities analysts expect that Valaris Limited will post 3.96 EPS for the current year.

About Valaris

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.