Creative Planning Grows Stock Holdings in Valaris Limited (NYSE:VAL)

Creative Planning grew its holdings in shares of Valaris Limited (NYSE:VAL) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,350 shares of the company’s stock after purchasing an additional 1,751 shares during the quarter. Creative Planning’s holdings in Valaris were worth $577,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VAL. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 235 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Valaris during the 1st quarter worth $149,000. Choreo LLC purchased a new position in shares of Valaris in the 2nd quarter worth $204,000. Evergreen Capital Management LLC acquired a new position in Valaris in the second quarter valued at $204,000. Finally, Scientech Research LLC purchased a new stake in Valaris during the second quarter valued at about $211,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VAL. Citigroup dropped their target price on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Susquehanna cut their target price on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday. Pickering Energy Partners cut shares of Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Barclays cut their price objective on Valaris from $91.00 to $61.00 and set an “overweight” rating on the stock in a research 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Valaris presently has an average rating of “Hold” and a consensus price target of $80.33.

Insider Activity at Valaris

In other news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction that occurred on Monday, September 9th. The stock was 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 approximately $755,237.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Gilles Luca sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 owns 108,342 shares of the company’s stock, valued at approximately $6,160,326.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total value of $872,425.92. Following the transaction, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 71,403 shares of company stock valued at $4,028,246 over the last three months. 0.12% of the stock is owned by insiders.

Valaris Stock Up 2.6 %

Shares of NYSE:VAL opened at $49.71 on Tuesday. Valaris Limited has a 12-month low of $48.04 and a 12-month high of $84.20. The company has a current ratio of 1.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.62 billion, a PE ratio of 3.41 and a beta of 1.17. The company has a fifty day simple moving average of $54.26 and a 200 day simple moving average of $65.66.

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.