Mraz Amerine & Associates Inc. Sells 1,585 Shares of Valaris Limited (NYSE:VAL)

Mraz Amerine & Associates Inc. lessened its holdings in Valaris Limited (NYSE:VAL) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,472 shares of the company’s stock after selling 1,585 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.06% of Valaris worth $2,312,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VAL. SeaCrest Wealth Management LLC increased its position in Valaris by 1.0% during the first quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock valued at $1,213,000 after acquiring an additional 152 shares during the last quarter. Arizona State Retirement System lifted its stake in Valaris by 1.2% in the second quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock worth $1,359,000 after acquiring an additional 214 shares during the period. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 235 shares during the period. World Equity Group Inc. lifted its stake in Valaris by 1.9% in the second quarter. World Equity Group Inc. now owns 12,827 shares of the company’s stock worth $956,000 after acquiring an additional 238 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Valaris by 5.0% in the second quarter. Victory Capital Management Inc. now owns 5,080 shares of the company’s stock worth $378,000 after acquiring an additional 243 shares during the period. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of Valaris from $91.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday. Susquehanna cut their price target on shares of Valaris from $62.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Benchmark lowered Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Pickering Energy Partners lowered Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Finally, Citigroup lowered their price objective on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $81.33.

Insider Activity at Valaris

In related news, SVP Matthew Lyne sold 26,000 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was 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 owns 24,388 shares of the company’s stock, valued at approximately $1,360,118.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 24,388 shares of the company’s stock, valued at $1,360,118.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is currently owned by insiders.

Valaris Trading Up 2.5 %

Shares of NYSE:VAL opened at $50.46 on Friday. Valaris Limited has a 1 year low of $48.63 and a 1 year high of $84.20. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 3.64 and a beta of 1.15. 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 business’s 50 day moving average price is $56.01 and its 200-day moving average price is $66.74.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $1.07. The company had revenue of $610.10 million for the quarter, compared to analyst estimates of $545.00 million. Valaris had a return on equity of 12.58% and a net margin of 49.33%. On average, equities research analysts forecast 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.