Strs Ohio Acquires 15,000 Shares of Valaris Limited $VAL

Strs Ohio increased its holdings in shares of Valaris Limited (NYSE:VAL) by 1,250.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,200 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Strs Ohio’s holdings in Valaris were worth $1,588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VAL. Pictet Asset Management Holding SA increased its position in Valaris by 2.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 10,610 shares of the company’s stock worth $1,040,000 after buying an additional 283 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Valaris in the first quarter valued at approximately $1,833,000. Longview Financial Advisors Inc. acquired a new stake in shares of Valaris in the first quarter worth $105,000. Tactive Advisors LLC acquired a new stake in shares of Valaris in the first quarter worth $264,000. Finally, Asset Allocation & Management Company LLC bought a new position in Valaris during the first quarter worth $372,000. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 1.6%

VAL opened at $74.70 on Wednesday. The company has a market capitalization of $5.17 billion, a P/E ratio of 5.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The firm’s fifty day moving average price is $90.28 and its two-hundred day moving average price is $82.14. Valaris Limited has a fifty-two week low of $43.53 and a fifty-two week high of $114.12.

Valaris (NYSE:VAL) last released its quarterly earnings data 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 return on equity of 12.31% and a net margin of 45.37%.The business had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same period in the previous year, the business posted ($0.53) earnings per share. Valaris’s revenue was down 25.0% on a year-over-year basis. On average, analysts anticipate that Valaris Limited will post 3.18 EPS for the current year.

Wall Street Analyst Weigh In

VAL has been the subject of a number of research reports. Susquehanna increased their price target on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

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.