Saranac Partners Ltd Makes New Investment in Valaris Limited $VAL

Saranac Partners Ltd bought a new stake in shares of Valaris Limited (NYSE:VAL) during the 3rd quarter, HoldingsChannel reports. The firm bought 6,863 shares of the company’s stock, valued at approximately $335,000.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 261 shares in the last quarter. Wexford Capital LP purchased a new position in Valaris during the third quarter valued at approximately $41,000. Strs Ohio increased its stake in Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after buying an additional 600 shares during the period. EverSource Wealth Advisors LLC increased its stake in Valaris by 240.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after buying an additional 1,308 shares during the period. Finally, GAMMA Investing LLC lifted its position in Valaris by 11.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock worth $130,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

VAL stock opened at $92.56 on Thursday. The firm has a 50 day moving average of $76.20 and a two-hundred day moving average of $61.04. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $102.19. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 6.62 and a beta of 1.07. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

Several research firms have recently commented on VAL. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Monday, February 23rd. Finally, Citigroup dropped their target price on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Ten research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Valaris currently has an average rating of “Reduce” and a consensus target price 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.