Valaris Limited $VAL Shares Sold by Amitell Capital Pte Ltd

Amitell Capital Pte Ltd lessened its stake in shares of Valaris Limited (NYSE:VAL) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,115 shares of the company’s stock after selling 13,705 shares during the quarter. Valaris comprises approximately 1.5% of Amitell Capital Pte Ltd’s portfolio, making the stock its 25th biggest position. Amitell Capital Pte Ltd owned about 0.07% of Valaris worth $2,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after purchasing an additional 261 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Valaris by 13,400.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock worth $51,000 after buying an additional 1,206 shares in the last quarter. Strs Ohio lifted its holdings in shares of Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after buying an additional 600 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Valaris by 106.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,780 shares of the company’s stock valued at $75,000 after buying an additional 919 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after acquiring an additional 1,308 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Stock Down 1.8%

Shares of NYSE VAL opened at $94.19 on Thursday. The stock has a fifty day moving average price of $63.55 and a 200 day moving average price of $56.28. The company has a current ratio of 1.77, a quick ratio of 1.87 and a debt-to-equity ratio of 0.34. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $102.19. The company has a market cap of $6.52 billion, a P/E ratio of 6.73 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VAL shares. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Barclays boosted their price objective on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Citigroup dropped their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, BTIG Research upped their target price on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and an average target price of $56.50.

About Valaris

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.