Janney Montgomery Scott LLC Sells 10,425 Shares of Valaris Limited $VAL

Janney Montgomery Scott LLC trimmed its holdings in shares of Valaris Limited (NYSE:VAL) by 81.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,420 shares of the company’s stock after selling 10,425 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Valaris were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hosking Partners LLP grew its holdings in shares of Valaris by 21.1% during the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock worth $15,103,000 after purchasing an additional 52,278 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of Valaris in the fourth quarter worth approximately $1,058,000. Denali Advisors LLC purchased a new stake in Valaris in the fourth quarter valued at approximately $1,618,000. Jennison Associates LLC purchased a new stake in Valaris in the fourth quarter valued at approximately $908,000. Finally, M&T Bank Corp lifted its position in Valaris by 133.0% during the fourth quarter. M&T Bank Corp now owns 32,306 shares of the company’s stock valued at $1,628,000 after purchasing an additional 18,438 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VAL shares. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna lowered their price objective on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $60.31.

Valaris Price Performance

Shares of Valaris stock opened at $76.56 on Monday. The firm has a market capitalization of $5.30 billion, a PE ratio of 5.36 and a beta of 0.93. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12 month low of $43.53 and a 12 month high of $114.12. The business’s 50-day moving average price is $87.12 and its 200-day moving average price is $83.71.

Valaris (NYSE:VAL) last released its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The firm had revenue of $465.40 million during the quarter, compared to the consensus estimate of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.53) EPS. Sell-side 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.