Charles Schwab Investment Management Inc. Has $34.83 Million Stake in Valaris Limited $VAL

Charles Schwab Investment Management Inc. trimmed its position in shares of Valaris Limited (NYSE:VAL) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 691,045 shares of the company’s stock after selling 12,435 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Valaris were worth $34,829,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd raised its holdings in Valaris by 8,034.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after buying an additional 573,065 shares during the last quarter. Trek Financial LLC acquired a new position in Valaris during the third quarter worth $3,305,000. GSA Capital Partners LLP acquired a new position in Valaris during the third quarter worth $1,205,000. American Century Companies Inc. raised its holdings in Valaris by 87.1% during the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after buying an additional 592,971 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in Valaris by 108.9% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after buying an additional 470,419 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analysts Set New Price Targets

VAL has been the topic of several research reports. Susquehanna upped their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a report on Monday, February 23rd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $63.19.

Valaris Stock Performance

Shares of VAL stock opened at $104.98 on Friday. The firm has a 50-day moving average of $95.69 and a 200-day moving average of $73.86. The company has a market cap of $7.27 billion, a P/E ratio of 7.35 and a beta of 0.97. 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 $35.20 and a one year high of $105.52.

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). The firm had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.53) EPS. Equities research analysts forecast that Valaris Limited will post 3.41 EPS for the current fiscal 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.