Jennison Associates LLC Makes New Investment in Valaris Limited $VAL

Key Points

• Jennison Associates LLC initiated a new position in Valaris (NYSE:VAL) during Q4, purchasing 18,019 shares valued at approximately $908,000.
• Analysts are largely cautious—nine Holds and one Sell—with a consensus "Reduce" rating and an average target price of $63.19, well below the recent trading level.
• Institutional investors own 96.74% of VAL, and the stock is trading near its 12‑month high (opened at $102.19; 12‑month high $105.35) with a market cap of $7.08 billion and a P/E of 7.30.

Jennison Associates LLC purchased a new position in shares of Valaris Limited (NYSE:VAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,019 shares of the company's stock, valued at approximately $908,000.

Several other institutional investors and hedge funds have also modified their holdings of VAL. UMB Bank n.a. increased its position in Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company's stock worth $38,000 after buying an additional 261 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Valaris in the third quarter worth about $41,000. Signaturefd LLC boosted its stake in shares of Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company's stock worth $57,000 after acquiring an additional 205 shares in the last quarter. Strs Ohio boosted its stake in shares of Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company's stock worth $59,000 after acquiring an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Valaris by 240.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company's stock valued at $78,000 after acquiring an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Analyst Upgrades and Downgrades

VAL has been the topic of a number of recent analyst reports. Susquehanna raised their price objective on Valaris from $96.00 to $98.00 and gave the company a "neutral" rating in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valaris in a research report on Wednesday, January 21st. BTIG Research downgraded Valaris from a "buy" rating to a "hold" rating in a report on Monday, March 9th. Pareto Securities lowered shares of Valaris from a "hold" rating to a "sell" rating and set a $80.00 price target on the stock. in a research report on Monday, February 23rd. Finally, Zacks Research cut shares of Valaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $63.19.

Valaris Price Performance

NYSE VAL opened at $102.19 on Monday. Valaris Limited has a twelve month low of $35.20 and a twelve month high of $105.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $7.08 billion, a PE ratio of 7.30 and a beta of 0.97. The stock has a 50-day simple moving average of $95.14 and a 200 day simple moving average of $71.08.

Valaris 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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