General American Investors Co. Inc. Has $17.47 Million Position in Valaris Limited (NYSE:VAL)

General American Investors Co. Inc. grew its position in shares of Valaris Limited (NYSE:VAL) by 72.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,556 shares of the company’s stock after purchasing an additional 98,450 shares during the quarter. Valaris makes up 1.2% of General American Investors Co. Inc.’s holdings, making the stock its 21st biggest holding. General American Investors Co. Inc. owned approximately 0.32% of Valaris worth $17,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Valaris by 180.8% during 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 during the last quarter. Spire Wealth Management bought a new position in shares of Valaris during the fourth quarter worth about $101,000. Assetmark Inc. lifted its stake in shares of Valaris by 88.3% in the fourth quarter. Assetmark Inc. now owns 1,747 shares of the company’s stock worth $120,000 after acquiring an additional 819 shares during the period. Headlands Technologies LLC bought a new stake in Valaris in the first quarter valued at approximately $149,000. Finally, Fermata Advisors LLC acquired a new stake in Valaris during the 2nd quarter valued at approximately $237,000. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VAL shares. Barclays dropped their price target on shares of Valaris from $98.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and set a $90.00 price target on shares of Valaris in a research report on Monday, August 5th. Finally, Pickering Energy Partners lowered Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $97.80.

Valaris Stock Down 2.9 %

Shares of NYSE VAL opened at $55.33 on Friday. Valaris Limited has a 12-month low of $55.20 and a 12-month high of $84.20. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49. The firm has a market cap of $4.01 billion, a PE ratio of 4.84 and a beta of 1.17. The company’s fifty day simple moving average is $68.82 and its 200 day simple moving average is $70.50.

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

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.