HighTower Advisors LLC Acquires 12,164 Shares of Valaris Limited $VAL

HighTower Advisors LLC increased its holdings in shares of Valaris Limited (NYSE:VAL) by 47.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,597 shares of the company’s stock after purchasing an additional 12,164 shares during the period. HighTower Advisors LLC owned approximately 0.05% of Valaris worth $1,895,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VAL. UMB Bank n.a. lifted its holdings in shares of Valaris by 50.5% during the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after purchasing an additional 261 shares in the last quarter. Wexford Capital LP acquired a new position in Valaris during the 3rd quarter worth approximately $41,000. Signaturefd LLC boosted its position in Valaris by 22.1% during the 4th 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. Strs Ohio boosted its position 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 acquiring an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Valaris by 240.0% during the 2nd 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. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 0.8%

VAL opened at $93.37 on Tuesday. Valaris Limited has a 1-year low of $37.79 and a 1-year high of $114.12. The stock’s fifty day simple moving average is $97.43 and its 200 day simple moving average is $77.43. 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 market cap of $6.47 billion, a PE ratio of 6.54 and a beta of 0.91.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business had revenue of $465.40 million during the quarter, compared to the consensus estimate of $443.75 million. During the same quarter last year, the company posted ($0.53) EPS. The firm’s revenue was down 25.0% on a year-over-year basis. As a group, research analysts expect that Valaris Limited will post 3.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research report on Monday, February 23rd. Susquehanna upped their price target on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $63.19.

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.