Swiss Life Asset Management Ltd Invests $307,000 in Valaris Limited $VAL

Swiss Life Asset Management Ltd purchased a new position in Valaris Limited (NYSE:VAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,089 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Valaris by 50.5% in 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. Wexford Capital LP bought a new position in shares of Valaris in the third quarter worth $41,000. Signaturefd LLC grew its stake in shares of Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares in the last quarter. Strs Ohio grew its stake in shares of Valaris by 100.0% in the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after purchasing an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after purchasing an additional 1,308 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VAL shares. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, February 23rd. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Susquehanna raised their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Nine 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 a consensus rating of “Reduce” and a consensus price target of $63.19.

Valaris Trading Up 7.5%

Shares of NYSE VAL opened at $113.31 on Tuesday. Valaris Limited has a 12 month low of $35.20 and a 12 month high of $114.12. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 7.94 and a beta of 0.97. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $96.14 and a 200-day simple moving average of $74.38.

Valaris (NYSE:VAL) last announced its earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company had revenue of $465.40 million for the quarter, compared to analysts’ expectations of $443.75 million. During the same period in the prior year, the company earned ($0.53) earnings per share. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. Sell-side analysts predict that Valaris Limited will post 3.41 EPS for the current year.

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.