Natixis Advisors LLC Sells 3,574 Shares of Valaris Limited (NYSE:VAL)

Natixis Advisors LLC decreased its holdings in shares of Valaris Limited (NYSE:VAL) by 16.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,088 shares of the company’s stock after selling 3,574 shares during the period. Natixis Advisors LLC’s holdings in Valaris were worth $1,008,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Valaris in the 2nd quarter worth about $28,884,000. Dimensional Fund Advisors LP increased its holdings in Valaris by 23.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock worth $88,573,000 after purchasing an additional 225,283 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Valaris by 338.5% in the second quarter. AQR Capital Management LLC now owns 236,379 shares of the company’s stock worth $17,426,000 after purchasing an additional 182,467 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Valaris in the second quarter worth approximately $13,306,000. Finally, Herr Investment Group LLC lifted its holdings in shares of Valaris by 123.3% in the second quarter. Herr Investment Group LLC now owns 235,822 shares of the company’s stock valued at $17,569,000 after purchasing an additional 130,236 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Valaris

In related news, 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 directly owns 24,388 shares in the company, valued at approximately $1,360,118.76. The trade was a 51.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Gilles Luca sold 30,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the sale, the chief operating officer now directly owns 108,342 shares in the company, valued at approximately $6,160,326.12. This trade represents a 21.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,403 shares of company stock worth $4,028,246 over the last three months. 0.12% of the stock is currently owned by insiders.

Valaris Price Performance

Shares of NYSE:VAL opened at $45.97 on Wednesday. Valaris Limited has a fifty-two week low of $45.97 and a fifty-two week high of $84.20. The company’s 50-day moving average is $51.61 and its 200 day moving average is $63.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $3.27 billion, a P/E ratio of 3.16 and a beta of 1.17.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Susquehanna decreased their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Barclays reduced their target price on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Benchmark lowered shares of Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Citigroup cut their price target on shares of Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.00.

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.