Valaris Limited $VAL Stake Boosted by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its stake in shares of Valaris Limited (NYSE:VAL) by 189.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,929 shares of the company’s stock after purchasing an additional 25,467 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.06% of Valaris worth $1,962,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Valaris by 8.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,028,408 shares of the company’s stock valued at $147,699,000 after purchasing an additional 229,956 shares during the last quarter. Schf GPE LLC bought a new position in Valaris in the 2nd quarter worth approximately $77,675,000. American Century Companies Inc. grew its holdings in Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after buying an additional 592,971 shares in the last quarter. Waverton Investment Management Ltd grew its holdings in Valaris by 0.4% in the 3rd quarter. Waverton Investment Management Ltd now owns 963,912 shares of the company’s stock worth $46,996,000 after buying an additional 4,056 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in Valaris by 108.9% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after buying an additional 470,419 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VAL shares. Susquehanna increased their price objective on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a report on Monday, February 23rd. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $63.19.

Valaris Stock Performance

VAL opened at $91.48 on Tuesday. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 6.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris Limited has a 1-year low of $41.03 and a 1-year high of $114.12. The business has a 50 day moving average price of $96.83 and a two-hundred day moving average price of $78.67.

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 analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.53) earnings per share. Research analysts predict that Valaris Limited will post 3.18 EPS for the current fiscal year.

About Valaris

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.