Lingotto Investment Management LLP Acquires 8,247 Shares of Valaris Limited $VAL

Lingotto Investment Management LLP raised its holdings in Valaris Limited (NYSE:VAL) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,719,176 shares of the company’s stock after purchasing an additional 8,247 shares during the quarter. Valaris accounts for approximately 3.3% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 10th biggest position. Lingotto Investment Management LLP owned about 5.35% of Valaris worth $187,446,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Valaris by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after purchasing an additional 1,605 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Valaris by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock worth $5,797,000 after purchasing an additional 4,263 shares in the last quarter. Prudential Financial Inc. increased its holdings in Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after purchasing an additional 230 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Valaris by 17.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after purchasing an additional 1,996 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Valaris in the 2nd quarter worth about $249,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VAL shares. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Pareto Securities cut 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. Susquehanna upped their target price on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Valaris presently has a consensus rating of “Reduce” and an average price target of $63.19.

Valaris Trading Up 0.8%

NYSE VAL opened at $93.37 on Tuesday. The business’s 50-day moving average price is $97.43 and its two-hundred day moving average price is $77.43. Valaris Limited has a 12 month low of $37.79 and a 12 month high of $114.12. The firm has a market capitalization of $6.47 billion, a PE ratio of 6.54 and a beta of 0.91. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last released its quarterly 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). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company 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 firm posted ($0.53) EPS. The company’s quarterly revenue was down 25.0% on a year-over-year basis. On average, analysts expect that Valaris Limited will post 3.41 EPS for the current year.

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.