Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in Valaris Limited $VAL

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Valaris Limited (NYSE:VAL) by 7.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,799 shares of the company’s stock after acquiring an additional 1,159 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Valaris were worth $707,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Blume Capital Management Inc. grew its holdings in Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Fifth Third Bancorp grew its stake in Valaris by 77.9% in the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after acquiring an additional 360 shares during the period. Signaturefd LLC grew its stake in Valaris by 45.4% in the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares during the period. Hantz Financial Services Inc. increased its holdings in Valaris by 13,400.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock worth $51,000 after acquiring an additional 1,206 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Valaris during the second quarter worth $56,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

NYSE VAL opened at $55.00 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.87 and a current ratio of 1.87. The stock’s fifty day moving average is $52.82 and its two-hundred day moving average is $48.00. The firm has a market capitalization of $3.83 billion, a P/E ratio of 9.80 and a beta of 1.16. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $58.85.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $1.65. The business had revenue of $595.70 million during the quarter, compared to the consensus estimate of $568.41 million. Valaris had a return on equity of 17.27% and a net margin of 16.51%.Valaris’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, research analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VAL shares. BTIG Research boosted their target price on shares of Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. SEB Equity Research set a $45.50 price objective on Valaris in a report on Monday, September 1st. Zacks Research upgraded Valaris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Citigroup raised their target price on Valaris from $55.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Finally, Susquehanna boosted their price target on Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Valaris presently has a consensus rating of “Hold” and an average price target of $52.50.

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.