Valaris Limited (NYSE:VAL) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its holdings in shares of Valaris Limited (NYSE:VAL) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,545 shares of the company’s stock after selling 660 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Valaris were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VAL. Lee Johnson Capital Management LLC acquired a new position in shares of Valaris in the 1st quarter worth approximately $7,355,000. SG Americas Securities LLC grew 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 valued at $1,270,000 after buying an additional 14,769 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Valaris in the 1st quarter valued at $8,743,000. Virtu Financial LLC purchased a new stake in shares of Valaris in the 1st quarter valued at $582,000. Finally, Natixis acquired a new position in Valaris during the 1st quarter worth about $730,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Valaris

In other Valaris news, COO Gilles Luca sold 30,000 shares of the company’s stock in a transaction on 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Valaris 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 value 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 approximately $6,160,326.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew Lyne sold 26,000 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.77, for a total value of $1,450,020.00. Following the completion of the sale, the senior vice president now directly owns 24,388 shares of the company’s stock, valued at $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,403 shares of company stock valued at $4,028,246 in the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VAL shares. Benchmark lowered shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna cut their target price on shares of Valaris from $62.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Barclays decreased their price target 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. Citigroup reduced their price objective on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Pickering Energy Partners cut Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Valaris currently has a consensus rating of “Hold” and an average price target of $86.33.

Valaris Stock Performance

NYSE:VAL opened at $50.51 on Thursday. Valaris Limited has a 12 month low of $49.62 and a 12 month high of $84.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $3.67 billion, a PE ratio of 3.65 and a beta of 1.15. The business’s fifty day moving average price is $57.65 and its 200 day moving average price is $67.68.

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

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.