4,902 Shares in Valaris Limited $VAL Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new position in Valaris Limited (NYSE:VAL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,902 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after acquiring an additional 261 shares in the last quarter. Wexford Capital LP bought a new stake in Valaris in the third quarter worth about $41,000. Signaturefd LLC lifted its stake in Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the last quarter. Strs Ohio lifted its stake in Valaris by 100.0% in the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after purchasing an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after purchasing an additional 1,308 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Valaris stock opened at $104.98 on Friday. The company has a 50 day moving average price of $95.69 and a 200-day moving average price of $73.86. 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 Limited has a fifty-two week low of $35.20 and a fifty-two week high of $105.52. The company has a market capitalization of $7.27 billion, a PE ratio of 7.35 and a beta of 0.97.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same period in the prior year, the firm posted ($0.53) EPS. The business’s revenue was down 25.0% on a year-over-year basis. As a group, equities analysts forecast that Valaris Limited will post 3.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VAL has been the subject of several analyst reports. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna raised their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, February 23rd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Valaris presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

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.