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

SeaCrest Wealth Management LLC cut its stake in shares of Valaris Limited (NYSE:VAL) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,545 shares of the company’s stock after selling 660 shares during the period. SeaCrest Wealth Management LLC’s holdings in Valaris were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VAL. EverSource Wealth Advisors LLC lifted its stake in shares of Valaris by 180.8% in the 1st 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. Headlands Technologies LLC purchased a new position in Valaris during the first quarter worth about $149,000. Choreo LLC acquired a new stake in Valaris in the second quarter valued at about $204,000. Evergreen Capital Management LLC acquired a new position in Valaris during the 2nd quarter worth approximately $204,000. Finally, Scientech Research LLC acquired a new position in Valaris during the 2nd quarter worth approximately $211,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Valaris

In related 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 value of $1,705,800.00. Following the completion of the transaction, the chief operating officer now owns 108,342 shares of the company’s stock, valued at approximately $6,160,326.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Gilles Luca sold 30,000 shares of Valaris 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 directly owns 108,342 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the transaction, the senior vice president now directly owns 24,388 shares in the company, valued at $1,360,118.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,403 shares of company stock valued at $4,028,246 over the last quarter. Insiders own 0.12% of the company’s stock.

Valaris Stock Up 0.5 %

Shares of NYSE VAL opened at $50.51 on Thursday. The firm’s 50-day moving average is $57.65 and its two-hundred day moving average is $67.68. The company has a market capitalization of $3.67 billion, a PE ratio of 3.65 and a beta of 1.15. 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.

Valaris (NYSE:VAL) last posted its 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 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%. Equities analysts anticipate that Valaris Limited will post 4.37 EPS 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.