12,011 Shares in Valaris Limited $VAL Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in Valaris Limited (NYSE:VAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,011 shares of the company’s stock, valued at approximately $871,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. DV Trading LLC increased its stake in shares of Valaris by 5,533.3% during the 1st quarter. DV Trading LLC now owns 16,900 shares of the company’s stock worth $1,657,000 after purchasing an additional 16,600 shares in the last quarter. Hosking Partners LLP raised its position in shares of Valaris by 21.1% during the 4th 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 during the last quarter. Denali Advisors LLC purchased a new stake in Valaris in the 4th quarter valued at approximately $1,618,000. Whitebox Advisors LLC purchased a new stake in Valaris in the 1st quarter valued at approximately $57,249,000. Finally, Dimensional Fund Advisors LP grew its holdings in Valaris by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock valued at $328,382,000 after buying an additional 114,730 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Stock Performance

Shares of NYSE VAL opened at $88.10 on Wednesday. The company has a 50-day simple moving average of $79.92 and a 200-day simple moving average of $89.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $6.12 billion, a PE ratio of 6.58 and a beta of 0.93. Valaris Limited has a 12 month low of $46.70 and a 12 month high of $114.12.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.41. The business had revenue of $539.20 million for the quarter, compared to the consensus estimate of $488.52 million. Valaris had a net margin of 43.95% and a return on equity of 9.25%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 earnings per share. On average, equities analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VAL shares. Susquehanna raised their price target on Valaris from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings raised Valaris from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $64.67.

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.