Corigliano Investment Advisers LLC Purchases Shares of 63,125 Valaris Limited $VAL

Corigliano Investment Advisers LLC bought a new stake in Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 63,125 shares of the company’s stock, valued at approximately $3,182,000. Valaris comprises about 1.1% of Corigliano Investment Advisers LLC’s holdings, making the stock its 25th biggest position. Corigliano Investment Advisers LLC owned 0.09% of Valaris at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VAL. ANTIPODES PARTNERS Ltd increased its stake in shares of Valaris by 8,034.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after buying an additional 573,065 shares in the last quarter. Hosking Partners LLP raised its stake in shares of Valaris by 21.1% during the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock worth $15,103,000 after buying an additional 52,278 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Valaris in the 3rd quarter valued at $1,205,000. American Century Companies Inc. lifted its stake in Valaris by 87.1% in the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after buying an additional 592,971 shares during the period. Finally, Goehring & Rozencwajg Associates LLC raised its position in shares of Valaris by 108.9% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after acquiring an additional 470,419 shares during the period. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Valaris Stock Up 0.5%

Shares of VAL opened at $83.05 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris Limited has a one year low of $41.03 and a one year high of $114.12. The company has a market cap of $5.75 billion, a P/E ratio of 5.82 and a beta of 0.91. The firm has a 50 day simple moving average of $95.24 and a two-hundred day simple moving average of $80.24.

Valaris (NYSE:VAL) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The company had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same quarter in the prior year, the company earned ($0.53) earnings per share. Valaris’s revenue for the quarter was down 25.0% compared to the same quarter last year. 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.