Valaris Limited (NYSE:VAL) Shares Purchased by Deane Retirement Strategies Inc.

Deane Retirement Strategies Inc. raised its stake in Valaris Limited (NYSE:VAL) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,504 shares of the company’s stock after purchasing an additional 251 shares during the period. Deane Retirement Strategies Inc.’s holdings in Valaris were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VAL. Lingotto Investment Management LLP increased its holdings in shares of Valaris by 1.2% in the 2nd quarter. Lingotto Investment Management LLP now owns 3,040,610 shares of the company’s stock valued at $226,525,000 after acquiring an additional 36,870 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Valaris by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 1,893,667 shares of the company’s stock worth $129,849,000 after purchasing an additional 77,490 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Valaris by 5.9% during the 2nd quarter. Marshall Wace LLP now owns 1,882,846 shares of the company’s stock worth $140,272,000 after purchasing an additional 105,330 shares during the period. Condire Management LP increased its holdings in shares of Valaris by 14.7% in the 1st quarter. Condire Management LP now owns 1,452,097 shares of the company’s stock valued at $109,285,000 after purchasing an additional 186,076 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Valaris by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock valued at $88,573,000 after purchasing an additional 225,283 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

NYSE:VAL opened at $55.91 on Friday. The company has a market capitalization of $4.05 billion, a P/E ratio of 4.89 and a beta of 1.15. Valaris Limited has a twelve month low of $53.06 and a twelve month high of $84.20. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $61.00 and a two-hundred day moving average price of $68.99.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $1.07. The business had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. Valaris had a net margin of 49.33% and a return on equity of 12.58%. As a group, research analysts expect that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Insider Transactions at Valaris

In other news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the sale, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Davor Vukadin sold 15,403 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.64, for a total value of $872,425.92. Following the sale, the senior vice president now directly owns 13,334 shares of the company’s stock, valued at $755,237.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Lyne sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the completion of the sale, the senior vice president now directly owns 24,388 shares in the company, valued at $1,360,118.76. The disclosure for this sale can be found here. Insiders sold a total of 71,403 shares of company stock worth $4,028,246 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on VAL shares. Barclays dropped their target price on shares of Valaris from $98.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Pickering Energy Partners downgraded Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Benchmark restated a “buy” rating and issued a $90.00 price target on shares of Valaris in a research report on Monday, August 5th. Susquehanna started coverage on shares of Valaris in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, Citigroup dropped their target price on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Valaris presently has an average rating of “Moderate Buy” and a consensus price target of $86.50.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.