BTG Pactual Asset Management US LLC Makes New $2.26 Million Investment in Valaris Limited $VAL

BTG Pactual Asset Management US LLC bought a new stake in Valaris Limited (NYSE:VAL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,106 shares of the company’s stock, valued at approximately $2,258,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Valaris by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock worth $328,382,000 after acquiring an additional 114,730 shares during the period. Schf GPE LLC acquired a new position in Valaris during the 2nd quarter valued at about $77,675,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Valaris by 67.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,363,230 shares of the company’s stock worth $133,651,000 after purchasing an additional 550,987 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in shares of Valaris by 24.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,319,351 shares of the company’s stock valued at $129,349,000 after purchasing an additional 257,281 shares during the period. Finally, FIL Ltd raised its holdings in shares of Valaris by 10.4% during the fourth quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock valued at $61,502,000 after buying an additional 114,967 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Down 0.3%

VAL stock opened at $86.04 on Monday. The firm’s 50-day moving average is $79.61 and its two-hundred day moving average is $89.17. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 6.43 and a beta of 0.94. Valaris Limited has a 52 week low of $46.70 and a 52 week high of $114.12. 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 posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.41. Valaris had a net margin of 43.95% and a return on equity of 9.25%. The business had revenue of $539.20 million during the quarter, compared to analysts’ expectations of $488.52 million. During the same period last year, the firm posted $1.61 earnings per share. The business’s revenue was down 12.4% on a year-over-year basis. On average, analysts forecast that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VAL shares. Susquehanna boosted their price objective on Valaris from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings raised Valaris from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $60.94.

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.