17,620 Shares in Valaris Limited (NYSE:VAL) Acquired by Interval Partners LP

Interval Partners LP purchased a new stake in shares of Valaris Limited (NYSE:VAL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,620 shares of the company’s stock, valued at approximately $1,313,000.

Other large investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC bought a new position in shares of Valaris during the 2nd quarter valued at $204,000. Symmetry Investments LP bought a new position in shares of Valaris during the second quarter valued at about $4,782,000. Huber Capital Management LLC increased its holdings in shares of Valaris by 15.9% in the second quarter. Huber Capital Management LLC now owns 13,100 shares of the company’s stock worth $976,000 after buying an additional 1,800 shares during the period. Herr Investment Group LLC lifted its stake in shares of Valaris by 123.3% in the 2nd quarter. Herr Investment Group LLC now owns 235,822 shares of the company’s stock valued at $17,569,000 after acquiring an additional 130,236 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Valaris during the 2nd quarter valued at about $13,306,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valaris

In other news, COO Gilles Luca sold 30,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.86, for a total value of $1,705,800.00. Following the sale, the chief operating officer now directly owns 108,342 shares of the company’s stock, valued at approximately $6,160,326.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Gilles Luca sold 30,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the sale, the chief operating officer now owns 108,342 shares of the company’s stock, valued at $6,160,326.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the sale, the senior vice president now owns 13,334 shares in the company, valued at approximately $755,237.76. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Valaris Price Performance

Shares of NYSE VAL opened at $55.45 on Tuesday. Valaris Limited has a 1 year low of $53.06 and a 1 year high of $84.20. The stock has a market capitalization of $4.02 billion, a P/E ratio of 4.85 and a beta of 1.17. The company’s 50-day moving average is $65.15 and its 200 day moving average is $69.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.73 and a quick ratio of 1.73.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $1.07. The firm had revenue of $610.10 million for the quarter, compared to the consensus estimate of $545.00 million. Valaris had a return on equity of 12.58% and a net margin of 49.33%. On average, sell-side analysts expect that Valaris Limited will post 4.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays decreased their price target on Valaris from $98.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Citigroup lowered their price target on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Benchmark restated a “buy” rating and issued a $90.00 price objective on shares of Valaris in a research report on Monday, August 5th. Finally, Pickering Energy Partners downgraded shares of Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.40.

About Valaris

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.