Goehring & Rozencwajg Associates LLC Has $3.91 Million Stake in Valaris Limited (NYSE:VAL)

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Valaris Limited (NYSE:VAL) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,438 shares of the company’s stock after acquiring an additional 4,900 shares during the period. Goehring & Rozencwajg Associates LLC owned about 0.07% of Valaris worth $3,907,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Lee Johnson Capital Management LLC acquired a new stake in shares of Valaris during the 1st quarter valued at about $7,355,000. Norges Bank acquired a new position in Valaris in the fourth quarter valued at about $43,282,000. Dimensional Fund Advisors LP boosted its position in Valaris by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 870,063 shares of the company’s stock valued at $59,662,000 after buying an additional 135,753 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Valaris by 699.3% in the first quarter. SG Americas Securities LLC now owns 16,881 shares of the company’s stock worth $1,270,000 after acquiring an additional 14,769 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Valaris in the first quarter worth about $8,743,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

Valaris Stock Down 2.1 %

Shares of VAL stock opened at $55.64 on Thursday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 4.87 and a beta of 1.17. Valaris Limited has a 12-month low of $53.06 and a 12-month high of $84.20. The firm has a fifty day moving average of $65.96 and a 200-day moving average of $69.97. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $1.07. Valaris had a net margin of 49.33% and a return on equity of 12.58%. The business had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. As a group, equities research analysts predict that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

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.