Private Advisor Group LLC Grows Position in Valaris Limited (NYSE:VAL)

Private Advisor Group LLC boosted its stake in shares of Valaris Limited (NYSE:VAL) by 22.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,524 shares of the company’s stock after purchasing an additional 1,015 shares during the period. Private Advisor Group LLC’s holdings in Valaris were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VAL. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Valaris during the second quarter valued at $28,884,000. Dimensional Fund Advisors LP raised its holdings in Valaris by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock valued at $88,573,000 after acquiring an additional 225,283 shares during the period. Condire Management LP raised its holdings in Valaris by 14.7% during the first quarter. Condire Management LP now owns 1,452,097 shares of the company’s stock valued at $109,285,000 after acquiring an additional 186,076 shares during the period. AQR Capital Management LLC raised its holdings in Valaris by 338.5% during the second quarter. AQR Capital Management LLC now owns 236,379 shares of the company’s stock valued at $17,426,000 after acquiring an additional 182,467 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in Valaris during the second quarter valued at about $13,306,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Stock Up 6.0 %

Shares of NYSE:VAL opened at $52.27 on Thursday. Valaris Limited has a 1 year low of $48.04 and a 1 year high of $84.20. The business has a 50 day simple moving average of $53.99 and a two-hundred day simple moving average of $65.52. The firm has a market capitalization of $3.72 billion, a PE ratio of 3.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61.

Insider Buying and Selling at Valaris

In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the completion of the transaction, the senior vice president now owns 24,388 shares in the company, valued at $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the completion of the sale, the senior vice president now owns 24,388 shares in the company, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 13,334 shares of the company’s stock, valued at $755,237.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,403 shares of company stock worth $4,028,246 over the last 90 days. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

VAL has been the topic of a number of recent analyst reports. Benchmark cut Valaris from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Susquehanna decreased their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Citigroup decreased their price target on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Pickering Energy Partners cut Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. Finally, Barclays reduced their target price on Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $80.00.

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.