Valaris Limited $VAL Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of Valaris Limited (NYSE:VAL) by 22.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,649 shares of the company’s stock after selling 13,443 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Valaris worth $4,573,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wexford Capital LP purchased a new stake in Valaris during the third quarter valued at about $41,000. Signaturefd LLC raised its holdings in shares of Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,308 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Valaris during the 4th quarter worth about $99,000. Finally, Parallel Advisors LLC grew its holdings in shares of Valaris by 33.5% during the 1st quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $104,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

VAL has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a report on Monday. Susquehanna decreased their price objective on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $60.31.

Valaris Stock Performance

Valaris stock opened at $77.42 on Friday. Valaris Limited has a 12-month low of $43.53 and a 12-month high of $114.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 5.78 and a beta of 0.94. The firm’s fifty day moving average price is $80.36 and its 200 day moving average price is $86.15.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.41. The company had revenue of $539.20 million during the quarter, compared to analysts’ expectations of $488.52 million. Valaris had a net margin of 43.95% and a return on equity of 9.48%. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 EPS. On average, research analysts forecast that Valaris Limited will post 3.18 EPS for the current fiscal year.

Valaris 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.