Dalal Street LLC Has $52 Million Stock Position in Valaris Limited $VAL

Key Points

• Dalal Street LLC reduced its stake in Valaris by 43.4% in Q3, selling 817,522 shares and now holds 1,066,255 shares (about $52.0 million and ~1.53% of Valaris), making the stock its fourth-largest holding at roughly 15.4% of the firm's portfolio.
• Institutional ownership of Valaris is very high at 96.74%, with other large funds (Lingotto, Dimensional, American Century) increasing or adding positions; Valaris has a market cap of $6.06 billion, a P/E of 6.26, and a MarketBeat consensus rating of "Hold" with a $56.50 target.

Dalal Street LLC lessened its position in Valaris Limited (NYSE:VAL - Free Report) by 43.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,066,255 shares of the company's stock after selling 817,522 shares during the period. Valaris comprises approximately 15.4% of Dalal Street LLC's holdings, making the stock its 4th biggest holding. Dalal Street LLC owned about 1.53% of Valaris worth $52,001,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Lingotto Investment Management LLP boosted its position in Valaris by 1.1% in the second quarter. Lingotto Investment Management LLP now owns 3,655,900 shares of the company's stock valued at $153,950,000 after buying an additional 38,579 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Valaris by 8.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,028,408 shares of the company's stock worth $147,699,000 after buying an additional 229,956 shares in the last quarter. Schf GPE LLC bought a new position in shares of Valaris in the second quarter valued at approximately $77,675,000. Geode Capital Management LLC raised its stake in shares of Valaris by 3.4% in the second quarter. Geode Capital Management LLC now owns 1,592,885 shares of the company's stock valued at $67,084,000 after acquiring an additional 52,367 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company's stock worth $62,135,000 after acquiring an additional 592,971 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Stock Performance

Valaris stock opened at $87.52 on Monday. The company has a market cap of $6.06 billion, a PE ratio of 6.26 and a beta of 1.07. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.34. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $102.19. The company's 50-day moving average is $69.54 and its two-hundred day moving average is $58.64.

Wall Street Analyst Weigh In

VAL has been the subject of a number of recent analyst reports. Zacks Research cut Valaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 28th. Pareto Securities lowered Valaris from a "hold" rating to a "sell" rating and set a $80.00 price objective on the stock. in a research note on Monday, February 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Valaris in a report on Wednesday, January 21st. Finally, Citigroup lowered their target price on Valaris from $62.00 to $58.00 and set a "neutral" rating for the company in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $56.50.

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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