Valaris Limited $VAL Position Lessened by Dalal Street LLC

Dalal Street LLC trimmed its holdings in shares of Valaris Limited (NYSE:VAL) by 56.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 459,098 shares of the company’s stock after selling 607,157 shares during the quarter. Valaris accounts for about 5.8% of Dalal Street LLC’s investment portfolio, making the stock its 4th biggest position. Dalal Street LLC’s holdings in Valaris were worth $23,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wexford Capital LP purchased a new stake in shares of Valaris during the third quarter worth about $41,000. Signaturefd LLC increased its position in shares of Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after acquiring an additional 1,308 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Valaris during the fourth quarter worth about $109,000. Finally, Hantz Financial Services Inc. increased its position in shares of Valaris by 57.2% during the fourth quarter. Hantz Financial Services Inc. now owns 4,460 shares of the company’s stock worth $225,000 after acquiring an additional 1,623 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Valaris Stock Up 0.3%

Shares of Valaris stock opened at $90.02 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The firm has a market cap of $6.23 billion, a P/E ratio of 6.30 and a beta of 0.91. Valaris Limited has a fifty-two week low of $41.03 and a fifty-two week high of $114.12. The business has a 50-day moving average price of $96.06 and a 200 day moving average price of $79.47.

Valaris (NYSE:VAL) last posted its earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The company had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The firm’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period last year, the company posted ($0.53) earnings per share. On average, sell-side analysts forecast that Valaris Limited will post 3.18 earnings per share 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.