Valaris Limited (NYSE:VAL) Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its position in shares of Valaris Limited (NYSE:VAL) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,500 shares of the company’s stock after acquiring an additional 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Valaris were worth $1,031,000 as of its most recent filing with the SEC.

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

Insider Activity

In related news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total value of $872,425.92. Following the transaction, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction on Monday, September 9th. The stock was 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 of the company’s stock, valued at $755,237.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the sale, the senior vice president now owns 24,388 shares in the company, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,403 shares of company stock worth $4,028,246. Insiders own 0.12% of the company’s stock.

Valaris Stock Performance

NYSE:VAL opened at $48.43 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $54.53 and a 200-day moving average of $65.79. Valaris Limited has a twelve month low of $48.04 and a twelve month high of $84.20. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 3.33 and a beta of 1.17.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $1.07. The firm had revenue of $610.10 million during the quarter, compared to analysts’ expectations of $545.00 million. Valaris had a net margin of 47.52% and a return on equity of 13.67%. Analysts forecast that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VAL shares. Benchmark lowered Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Pickering Energy Partners lowered shares of Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Barclays dropped their price target on shares of Valaris from $91.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Susquehanna decreased their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Friday. Finally, Citigroup dropped their target price on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.33.

Valaris 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.