Geode Capital Management LLC Sells 24,987 Shares of Valaris Limited $VAL

Geode Capital Management LLC trimmed its holdings in shares of Valaris Limited (NYSE:VAL) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,581,095 shares of the company’s stock after selling 24,987 shares during the period. Geode Capital Management LLC’s holdings in Valaris were worth $79,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VAL. Wexford Capital LP bought a new position in Valaris during the 3rd quarter worth about $41,000. Signaturefd LLC boosted 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 valued at $57,000 after buying an additional 205 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 1,308 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Valaris in the 4th quarter valued at about $109,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Valaris by 133.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,837 shares of the company’s stock valued at $138,000 after buying an additional 1,622 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Valaris Stock Down 0.2%

VAL stock opened at $88.35 on Monday. The firm has a 50 day moving average of $97.04 and a 200 day moving average of $78.42. The stock has a market capitalization of $6.12 billion, a PE ratio of 6.19 and a beta of 0.91. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris Limited has a 52 week low of $40.17 and a 52 week high of $114.12.

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