Eschler Asset Management LLP Takes $634,000 Position in Valaris Limited $VAL

Eschler Asset Management LLP bought a new position in shares of Valaris Limited (NYSE:VAL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 13,000 shares of the company’s stock, valued at approximately $634,000.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Valaris by 50.5% during 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. Strs Ohio lifted its holdings in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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. GAMMA Investing LLC grew its stake in shares of Valaris by 11.8% in the third quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock worth $130,000 after acquiring an additional 281 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Valaris by 133.5% during the third quarter. Hantz Financial Services Inc. now owns 2,837 shares of the company’s stock worth $138,000 after acquiring an additional 1,622 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Trading Down 0.8%

NYSE VAL opened at $92.65 on Friday. The firm’s fifty day moving average price is $72.87 and its 200 day moving average price is $59.72. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $102.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 6.62 and a beta of 1.07.

Analyst Ratings Changes

VAL has been the subject of a number of recent research reports. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. 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 note on Monday, February 23rd. Citigroup decreased their price target on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Finally, BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus 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.