American Century Companies Inc. Purchases 592,971 Shares of Valaris Limited $VAL

American Century Companies Inc. grew its position in Valaris Limited (NYSE:VAL) by 87.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,274,038 shares of the company’s stock after purchasing an additional 592,971 shares during the quarter. American Century Companies Inc. owned approximately 1.83% of Valaris worth $62,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd grew its stake in Valaris by 8,034.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after acquiring an additional 573,065 shares in the last quarter. Trek Financial LLC bought a new position in shares of Valaris during the 3rd quarter valued at about $3,305,000. Hara Capital LLC grew its position in shares of Valaris by 29.1% during the second quarter. Hara Capital LLC now owns 173,382 shares of the company’s stock valued at $7,301,000 after purchasing an additional 39,055 shares in the last quarter. Third Avenue Management LLC grew its position in shares of Valaris by 2.8% during the second quarter. Third Avenue Management LLC now owns 585,921 shares of the company’s stock valued at $24,673,000 after purchasing an additional 16,082 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Valaris in the second quarter worth about $17,748,000. 96.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VAL has been the topic of a number of research reports. Citigroup reduced their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a report on Monday, February 23rd. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Finally, Barclays boosted their price objective on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Valaris Stock Performance

Shares of Valaris stock opened at $94.39 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $67.95 and its two-hundred day moving average is $57.93. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $102.19. The company has a market capitalization of $6.53 billion, a PE ratio of 6.75 and a beta of 1.07.

Valaris Company Profile

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.