Choreo LLC Makes New $204,000 Investment in Valaris Limited (NYSE:VAL)

Choreo LLC purchased a new position in Valaris Limited (NYSE:VAL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,828 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SeaCrest Wealth Management LLC lifted its stake in shares of Valaris by 1.0% during the first quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock worth $1,213,000 after buying an additional 152 shares during the period. Insight Wealth Strategies LLC lifted its stake in shares of Valaris by 3.0% during the first quarter. Insight Wealth Strategies LLC now owns 7,119 shares of the company’s stock worth $536,000 after buying an additional 210 shares during the period. Arizona State Retirement System lifted its stake in shares of Valaris by 1.2% during the second quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock worth $1,359,000 after buying an additional 214 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Valaris by 180.8% during the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $27,000 after buying an additional 235 shares during the period. Finally, World Equity Group Inc. lifted its stake in shares of Valaris by 1.9% during the second quarter. World Equity Group Inc. now owns 12,827 shares of the company’s stock worth $956,000 after buying an additional 238 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VAL has been the subject of several research reports. Pickering Energy Partners downgraded shares of Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. Benchmark restated a “buy” rating and set a $90.00 target price on shares of Valaris in a research report on Monday, August 5th. Citigroup decreased 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. Finally, Barclays decreased their target price on shares of Valaris from $98.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.40.

Valaris Trading Up 1.0 %

Shares of Valaris stock opened at $56.21 on Friday. The firm has a 50-day simple moving average of $65.96 and a two-hundred day simple moving average of $69.97. The company has a market cap of $4.09 billion, a P/E ratio of 4.92 and a beta of 1.17. Valaris Limited has a fifty-two week low of $53.06 and a fifty-two week high of $84.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 1.73.

Valaris (NYSE:VAL) last issued its quarterly earnings data 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 business had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. Valaris had a net margin of 49.33% and a return on equity of 12.58%. As a group, equities analysts predict that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Valaris 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 completion of the transaction, the chief operating officer now owns 108,342 shares in the company, valued at $6,160,326.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of the business’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 sale, the senior vice president now directly owns 13,334 shares of the company’s stock, 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 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.