Empowered Funds LLC Sells 19,862 Shares of Valaris Limited $VAL

Key Points

• Empowered Funds LLC cut its Valaris stake by 75.6% in the first quarter, selling 19,862 shares and retaining 6,399 shares valued at approximately $627,000.
• Institutional investors own 96.74% of Valaris, while several firms—including Whitebox Advisors and Polar Asset Management—established new positions during the quarter.
• Valaris beat quarterly earnings expectations, reporting $0.72 EPS versus $0.31 expected and $539.2 million in revenue; however, analysts maintain a consensus “Reduce” rating with an average price target of $60.94.

Empowered Funds LLC trimmed its holdings in Valaris Limited (NYSE:VAL - Free Report) by 75.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,399 shares of the company's stock after selling 19,862 shares during the quarter. Empowered Funds LLC's holdings in Valaris were worth $627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Quantinno Capital Management LP boosted its stake in Valaris by 7.1% during the first quarter. Quantinno Capital Management LP now owns 13,589 shares of the company's stock worth $1,332,000 after acquiring an additional 901 shares in the last quarter. Whitebox Advisors LLC bought a new position in shares of Valaris during the first quarter valued at approximately $57,249,000. Polar Asset Management Partners Inc. purchased a new position in shares of Valaris during the first quarter valued at approximately $1,961,000. SummitTX Capital L.P. purchased a new position in shares of Valaris during the first quarter valued at approximately $1,067,000. Finally, Kryger Capital LLC bought a new stake in shares of Valaris in the 1st quarter worth approximately $300,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VAL has been the topic of several recent research reports. Susquehanna upped their price target on Valaris from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Valaris in a research note on Monday, August 3rd. Eight equities 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, Valaris has a consensus rating of "Reduce" and an average target price of $60.94.

Valaris Stock Performance

Shares of VAL stock opened at $85.36 on Tuesday. Valaris Limited has a one year low of $43.53 and a one year high of $114.12. The company's 50-day moving average is $79.92 and its 200 day moving average is $86.55. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 6.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.41. The business 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%. Valaris's revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $1.61 EPS. Sell-side analysts expect that Valaris Limited will post 3.18 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.

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