Valaris Limited $VAL is Goehring & Rozencwajg Associates LLC’s 2nd Largest Position

Goehring & Rozencwajg Associates LLC lifted its stake in Valaris Limited (NYSE:VAL) by 24.2% in the 1st quarter, HoldingsChannel reports. The firm owned 1,319,351 shares of the company’s stock after buying an additional 257,281 shares during the quarter. Valaris accounts for 7.0% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 2nd biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Valaris were worth $129,349,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. WINTON GROUP Ltd boosted its position in shares of Valaris by 0.5% during the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock valued at $1,387,000 after purchasing an additional 146 shares in the last quarter. State of Michigan Retirement System raised its holdings in Valaris by 1.3% in the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after purchasing an additional 200 shares in the last quarter. Signaturefd LLC lifted its position in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after buying an additional 205 shares during the period. Quadrant Capital Group LLC lifted its position in Valaris by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock valued at $746,000 after buying an additional 214 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Valaris by 4.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after buying an additional 230 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Analyst Ratings Changes

VAL has been the topic of several research reports. Susquehanna dropped their price objective on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $60.31.

Valaris Stock Down 1.6%

Shares of Valaris stock opened at $77.21 on Thursday. The company has a 50-day simple moving average of $87.80 and a two-hundred day simple moving average of $83.34. The stock has a market capitalization of $5.35 billion, a PE ratio of 5.41 and a beta of 0.93. Valaris Limited has a 52-week low of $43.53 and a 52-week high of $114.12. 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 posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The firm had revenue of $465.40 million for the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.53) EPS. On average, analysts anticipate that Valaris Limited will post 3.18 EPS for the current fiscal year.

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.