Natixis Advisors LLC Sells 3,574 Shares of Valaris Limited (NYSE:VAL)

Natixis Advisors LLC decreased its stake in Valaris Limited (NYSE:VAL) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,088 shares of the company’s stock after selling 3,574 shares during the period. Natixis Advisors LLC’s holdings in Valaris were worth $1,008,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in shares of Valaris by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock valued at $1,359,000 after acquiring an additional 214 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Valaris by 180.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $27,000 after purchasing an additional 235 shares in the last quarter. World Equity Group Inc. raised its position in Valaris by 1.9% in the second quarter. World Equity Group Inc. now owns 12,827 shares of the company’s stock valued at $956,000 after purchasing an additional 238 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Valaris by 5.0% during the second quarter. Victory Capital Management Inc. now owns 5,080 shares of the company’s stock valued at $378,000 after purchasing an additional 243 shares in the last quarter. Finally, Deane Retirement Strategies Inc. grew its holdings in shares of Valaris by 0.6% during the third quarter. Deane Retirement Strategies Inc. now owns 40,504 shares of the company’s stock worth $2,259,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

VAL has been the subject of a number of research reports. Barclays dropped their price objective on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Benchmark downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Susquehanna reduced their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Citigroup lowered their target price on Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $80.00.

Valaris Price Performance

Shares of NYSE VAL opened at $45.97 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.27 billion, a PE ratio of 3.16 and a beta of 1.17. The firm has a fifty day simple moving average of $51.61 and a 200 day simple moving average of $63.40. Valaris Limited has a twelve month low of $45.97 and a twelve month high of $84.20.

Insider Transactions at Valaris

In other news, SVP Matthew Lyne sold 26,000 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the transaction, the senior vice president now owns 24,388 shares of the company’s stock, valued at $1,360,118.76. This represents a 51.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Davor Vukadin sold 15,403 shares of the business’s stock in a transaction dated 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 directly owns 13,334 shares of the company’s stock, valued at $755,237.76. The trade was a 53.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,403 shares of company stock valued at $4,028,246. Corporate insiders own 0.12% of the company’s stock.

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.