Trek Financial LLC Purchases New Shares in Valaris Limited $VAL

Trek Financial LLC purchased a new position in Valaris Limited (NYSE:VAL) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 67,774 shares of the company’s stock, valued at approximately $3,305,000. Trek Financial LLC owned approximately 0.10% of Valaris at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VAL. Blume Capital Management Inc. boosted its holdings in shares of Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the period. Fifth Third Bancorp lifted its position in shares of Valaris by 77.9% in the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after acquiring an additional 360 shares in the last quarter. Signaturefd LLC boosted its stake in Valaris by 45.4% in the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares during the period. Strs Ohio grew its position in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after purchasing an additional 600 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Valaris by 13,400.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after purchasing an additional 1,206 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Down 0.1%

VAL opened at $54.27 on Friday. The company has a market capitalization of $3.78 billion, a PE ratio of 9.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.87 and a quick ratio of 1.87. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $61.70. The business has a 50-day moving average of $53.91 and a 200-day moving average of $51.66.

Valaris (NYSE:VAL) last released its quarterly earnings data on Wednesday, October 29th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $1.65. The firm had revenue of $595.70 million for the quarter, compared to the consensus estimate of $568.41 million. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The company’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BTIG Research raised their target price on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citigroup decreased their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research note on Wednesday. Barclays increased their price target on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Susquehanna boosted their price objective on shares of Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.56.

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.