Whitebox Advisors LLC Sells 1,894 Shares of Valaris Limited (NYSE:VAL)

Whitebox Advisors LLC lowered its holdings in shares of Valaris Limited (NYSE:VAL) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 459,111 shares of the company’s stock after selling 1,894 shares during the period. Valaris accounts for about 0.7% of Whitebox Advisors LLC’s portfolio, making the stock its 23rd largest position. Whitebox Advisors LLC’s holdings in Valaris were worth $25,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in Valaris during the third quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Valaris by 180.8% in 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 last quarter. Choreo LLC acquired a new stake in shares of Valaris in the second quarter worth $204,000. Evergreen Capital Management LLC acquired a new position in Valaris in the 2nd quarter valued at $204,000. Finally, Scientech Research LLC bought a new position in Valaris in the 2nd quarter worth $211,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Valaris from $71.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Susquehanna decreased their target price on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Benchmark downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Barclays reduced their price objective on Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.40.

Valaris Price Performance

Shares of VAL stock opened at $44.87 on Friday. The company has a market capitalization of $3.19 billion, a P/E ratio of 3.08 and a beta of 1.09. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. Valaris Limited has a 12 month low of $44.53 and a 12 month high of $84.20. The stock has a 50 day moving average of $50.25 and a two-hundred day moving average of $62.11.

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.