Squarepoint Ops LLC Purchases 78,105 Shares of Valaris Limited $VAL

Squarepoint Ops LLC lifted its holdings in Valaris Limited (NYSE:VAL) by 48.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 238,445 shares of the company’s stock after buying an additional 78,105 shares during the period. Squarepoint Ops LLC’s holdings in Valaris were worth $17,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Valaris by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after purchasing an additional 1,605 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 valued at $5,797,000 after acquiring an additional 4,263 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Valaris by 4.1% during the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after purchasing an additional 230 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Valaris by 17.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after purchasing an additional 1,996 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Valaris in the 2nd quarter valued at $249,000. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Susquehanna upped their price objective on shares of Valaris from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Valaris from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valaris presently has an average rating of “Reduce” and a consensus target price of $64.67.

Valaris Price Performance

Shares of NYSE VAL opened at $85.00 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $81.48 and a two-hundred day simple moving average of $89.02. Valaris Limited has a 1-year low of $46.70 and a 1-year high of $114.12. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 6.35 and a beta of 0.93.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 9.25% and a net margin of 43.95%.The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 earnings per share. Analysts anticipate that Valaris Limited will post 3.25 earnings per share for the current 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.