Hussman Strategic Advisors Inc. acquired a new position in Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,000 shares of the company's stock, valued at approximately $1,058,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Valaris by 8.2% in the 3rd 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 during the period. Schf GPE LLC purchased a new stake in Valaris in the 2nd quarter worth approximately $77,675,000. American Century Companies Inc. lifted its holdings in 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 buying an additional 592,971 shares during the period. Waverton Investment Management Ltd lifted its holdings in Valaris by 0.4% in the 3rd quarter. Waverton Investment Management Ltd now owns 963,912 shares of the company's stock worth $46,996,000 after buying an additional 4,056 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its holdings in Valaris by 108.9% in the 3rd 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 period. Hedge funds and other institutional investors own 96.74% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on VAL. Susquehanna increased their price objective on Valaris from $96.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday, April 7th. Pareto Securities cut Valaris from a "hold" rating to a "sell" rating and set a $80.00 price objective for the company. in a report on Monday, February 23rd. BTIG Research cut Valaris from a "buy" rating to a "hold" rating in a report on Monday, March 9th. Zacks Research lowered Valaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Valaris in a research report on Wednesday, January 21st. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $63.19.
Get Our Latest Stock Report on VAL
Valaris Stock Down 0.0%
Shares of NYSE:VAL opened at $102.19 on Monday. Valaris Limited has a 52-week low of $35.20 and a 52-week high of $105.35. The firm has a market capitalization of $7.08 billion, a P/E ratio of 7.30 and a beta of 0.97. The stock has a 50 day moving average price of $95.14 and a 200-day moving average price of $71.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77.
About Valaris
(
Free Report)
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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