Valaris Limited $VAL Shares Sold by Hosking Partners LLP

Hosking Partners LLP lowered its stake in shares of Valaris Limited (NYSE:VAL) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,944 shares of the company’s stock after selling 20,216 shares during the quarter. Hosking Partners LLP’s holdings in Valaris were worth $18,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. HBK Investments L P bought a new stake in shares of Valaris during the 2nd quarter worth $114,355,000. Whitebox Advisors LLC bought a new position in Valaris in the first quarter valued at $57,249,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Valaris by 67.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,363,230 shares of the company’s stock valued at $133,651,000 after acquiring an additional 550,987 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in 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 acquiring an additional 257,281 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Valaris by 66.2% in the first quarter. Sei Investments Co. now owns 399,805 shares of the company’s stock valued at $39,197,000 after acquiring an additional 159,304 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VAL. Susquehanna raised their price target on Valaris from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Wall Street Zen upgraded Valaris to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings upgraded Valaris from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Valaris currently has an average rating of “Reduce” and an average price target of $67.80.

Valaris Stock Up 3.9%

Shares of NYSE VAL opened at $91.77 on Thursday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 6.85 and a beta of 1.04. Valaris Limited has a one year low of $48.08 and a one year high of $114.12. The firm’s 50 day simple moving average is $84.79 and its two-hundred day simple moving average is $86.61. 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 (NYSE:VAL) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.41. The firm had revenue of $539.20 million during the quarter, compared to analyst estimates of $488.52 million. Valaris had a net margin of 43.95% and a return on equity of 9.25%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. As a group, analysts expect that Valaris Limited will post 3.25 EPS for the current fiscal year.

Valaris Profile

Valaris plc is an offshore contract drilling company that provides drilling services to oil and gas operators worldwide. The company works with customers to support offshore exploration, appraisal and development programs in shallow-water and deepwater environments.

Valaris operates a fleet that includes drillships, semisubmersible rigs and jackup rigs. Its services include mobile offshore drilling, well construction support and related rig-management and operational services. The company’s fleet is designed to serve a range of offshore projects, from conventional shelf developments to technically demanding deepwater wells.

With operations spanning major offshore energy regions, Valaris has served customers in areas including the Gulf of Mexico, the North Sea, Brazil, West Africa, the Middle East and the Asia-Pacific region.