General American Investors Co. Inc. Has $17.47 Million Stock Holdings in Valaris Limited (NYSE:VAL)

General American Investors Co. Inc. raised its holdings in Valaris Limited (NYSE:VAL) by 72.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,556 shares of the company’s stock after buying an additional 98,450 shares during the period. Valaris comprises about 1.2% of General American Investors Co. Inc.’s holdings, making the stock its 21st largest position. General American Investors Co. Inc.’s holdings in Valaris were worth $17,474,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Valaris by 180.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 235 shares in the last quarter. Spire Wealth Management bought a new stake in Valaris during the 4th quarter worth approximately $101,000. Assetmark Inc. raised its stake in shares of Valaris by 88.3% in the fourth quarter. Assetmark Inc. now owns 1,747 shares of the company’s stock worth $120,000 after purchasing an additional 819 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Valaris in the first quarter valued at approximately $149,000. Finally, Fermata Advisors LLC bought a new position in shares of Valaris in the second quarter valued at approximately $237,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VAL has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Valaris in a research report on Monday, August 5th. Barclays lowered 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. Finally, Pickering Energy Partners lowered shares of Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $97.80.

Valaris Trading Down 2.9 %

NYSE VAL opened at $55.33 on Friday. The business’s fifty day moving average is $68.82 and its 200-day moving average is $70.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 4.84 and a beta of 1.17. Valaris Limited has a one year low of $55.20 and a one year high of $84.20.

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

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.