Valaris Limited (NYSE:VAL) Stock Position Raised by Diversify Advisory Services LLC

Diversify Advisory Services LLC lifted its stake in Valaris Limited (NYSE:VAL) by 14.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 137,572 shares of the company’s stock after purchasing an additional 17,690 shares during the quarter. Diversify Advisory Services LLC owned 0.19% of Valaris worth $7,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of VAL. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 235 shares during the period. Headlands Technologies LLC acquired a new stake in Valaris in the first quarter valued at approximately $149,000. Choreo LLC acquired a new position in shares of Valaris during the 2nd quarter worth $204,000. Evergreen Capital Management LLC bought a new position in shares of Valaris during the 2nd quarter valued at $204,000. Finally, Scientech Research LLC bought a new stake in Valaris in the second quarter worth $211,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Insider Transactions at Valaris

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

Valaris Stock Performance

VAL traded down $0.53 on Tuesday, hitting $49.06. 7,230 shares of the stock traded hands, compared to its average volume of 1,017,712. The business has a fifty day moving average price of $55.50 and a two-hundred day moving average price of $66.35. 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 market capitalization of $3.57 billion, a PE ratio of 3.58 and a beta of 1.15. Valaris Limited has a 52 week low of $48.63 and a 52 week high of $84.20.

Valaris (NYSE:VAL) last issued its earnings results 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 return on equity of 12.58% and a net margin of 49.33%. The firm had revenue of $610.10 million during the quarter, compared to analysts’ expectations of $545.00 million. On average, research analysts predict that Valaris Limited will post 4.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VAL. Citigroup reduced their price target on Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Pickering Energy Partners downgraded Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. Susquehanna reduced their price objective on shares of Valaris from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Barclays dropped their target price on shares of Valaris from $91.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Benchmark downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and an average price target of $81.33.

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.