Valaris Limited (NYSE:VAL) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP increased its stake in shares of Valaris Limited (NYSE:VAL) by 415.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,000 shares of the company’s stock after buying an additional 32,237 shares during the quarter. Mirabella Financial Services LLP’s holdings in Valaris were worth $2,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Valaris during the third quarter worth approximately $879,000. Charles Schwab Investment Management Inc. increased its stake in Valaris by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company’s stock worth $44,436,000 after acquiring an additional 29,031 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Valaris during the third quarter worth $951,000. Intech Investment Management LLC acquired a new stake in shares of Valaris in the third quarter valued at $3,940,000. Finally, Jennison Associates LLC acquired a new stake in shares of Valaris in the third quarter valued at $904,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction that occurred 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 owns 13,334 shares in the company, valued at $755,237.76. This represents a 53.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gilles Luca sold 30,000 shares of the company’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. This represents a 21.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,403 shares of company stock worth $4,028,246. Company insiders own 0.12% of the company’s stock.

Valaris Stock Up 0.4 %

VAL opened at $49.57 on Monday. The business has a 50 day moving average price of $51.98 and a two-hundred day moving average price of $63.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.53 billion, a PE ratio of 3.39 and a beta of 1.17. Valaris Limited has a 52 week low of $46.03 and a 52 week high of $84.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Susquehanna lowered 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. Citigroup lowered their target price on Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, Barclays lowered their target price on Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

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.