Bessemer Group Inc. Has $8.32 Million Position in Valaris Limited $VAL

Key Points

• Bessemer Group Inc. increased its Valaris stake by 60.8% in the first quarter, ending with 84,917 shares worth about $8.32 million.
• Valaris reported Q1 earnings of -$0.24 per share, missing estimates, while revenue of $465.4 million beat expectations but was still down 25% year over year.
• Analysts remain cautious on the stock: Susquehanna cut its price target to $75, and the overall consensus rating is Reduce with an average target price of $60.31.

Bessemer Group Inc. boosted its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 60.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,917 shares of the company's stock after purchasing an additional 32,100 shares during the period. Bessemer Group Inc. owned about 0.12% of Valaris worth $8,325,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new stake in Valaris in the 3rd quarter worth approximately $41,000. Signaturefd LLC grew its holdings in shares of Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company's stock valued at $57,000 after acquiring an additional 205 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company's stock worth $78,000 after acquiring an additional 1,308 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Valaris in the fourth quarter worth $99,000. Finally, Longview Financial Advisors Inc. purchased a new stake in shares of Valaris during the first quarter worth $105,000. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Price Performance

NYSE VAL opened at $76.56 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.30 billion, a PE ratio of 5.36 and a beta of 0.93. Valaris Limited has a 12-month low of $43.53 and a 12-month high of $114.12. The company has a 50 day moving average price of $87.12 and a two-hundred day moving average price of $83.71.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly 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 business had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business's revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.53) EPS. As a group, equities analysts predict that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Susquehanna reduced their price objective on Valaris from $98.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, July 8th. Weiss Ratings lowered Valaris from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $60.31.

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.

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