Envestnet Asset Management Inc. Buys 5,475 Shares of Valaris Limited $VAL

Envestnet Asset Management Inc. grew its stake in Valaris Limited (NYSE:VAL) by 17.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,180 shares of the company’s stock after purchasing an additional 5,475 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.05% of Valaris worth $1,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Valaris by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,605 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Valaris by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock worth $5,797,000 after purchasing an additional 4,263 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Valaris by 106.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,780 shares of the company’s stock worth $75,000 after purchasing an additional 919 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Valaris by 3.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,720 shares of the company’s stock valued at $409,000 after purchasing an additional 348 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Valaris by 13,400.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after buying an additional 1,206 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

VAL stock opened at $95.96 on Friday. The company’s 50-day moving average price is $65.39 and its two-hundred day moving average price is $56.96. The firm has a market cap of $6.64 billion, a P/E ratio of 6.86 and a beta of 1.18. The company has a quick ratio of 1.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $102.19.

Wall Street Analyst Weigh In

VAL has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Pareto Securities lowered shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research report on Monday, February 23rd. Barclays lifted their price target on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Citigroup cut their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Valaris currently has an average rating of “Hold” and an average price target of $56.50.

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.