Mangrove Partners IM LLC Acquires Shares of 21,461 Valaris Limited $VAL

Mangrove Partners IM LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,461 shares of the company’s stock, valued at approximately $1,082,000.

A number of other hedge funds also recently bought and sold shares of VAL. ANTIPODES PARTNERS Ltd increased its holdings in shares of Valaris by 8,034.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after purchasing an additional 573,065 shares during the period. Hosking Partners LLP increased its holdings in shares of Valaris by 21.1% in the 4th quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock valued at $15,103,000 after purchasing an additional 52,278 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Valaris in the 3rd quarter valued at about $1,205,000. American Century Companies Inc. increased its holdings 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 purchasing an additional 592,971 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in shares of Valaris by 108.9% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after purchasing an additional 470,419 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. 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. Pareto Securities downgraded 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. Finally, Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Valaris presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

Valaris Trading Down 4.5%

NYSE:VAL opened at $82.80 on Wednesday. The stock’s 50 day moving average price is $95.53 and its 200 day moving average price is $80.04. Valaris Limited has a 52 week low of $41.03 and a 52 week high of $114.12. The company has a market capitalization of $5.73 billion, a P/E ratio of 5.80 and a beta of 0.91. 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 (NYSE:VAL) last released 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 return on equity of 12.31% and a net margin of 45.37%.The firm 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 company posted ($0.53) EPS. The company’s quarterly revenue was down 25.0% on a year-over-year basis. On average, research analysts forecast that Valaris Limited will post 3.18 EPS for the current fiscal year.

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.