Walleye Capital LLC Raises Stock Holdings in Valaris Limited (NYSE:VAL)

Walleye Capital LLC boosted its stake in shares of Valaris Limited (NYSE:VALGet Rating) by 96.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,927 shares of the company’s stock after acquiring an additional 5,846 shares during the quarter. Walleye Capital LLC’s holdings in Valaris were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Exor Capital LLP boosted its position in shares of Valaris by 5.0% during the first quarter. Exor Capital LLP now owns 2,085,636 shares of the company’s stock worth $108,391,000 after buying an additional 98,987 shares during the period. Coronation Fund Managers Ltd. purchased a new position in Valaris during the 1st quarter valued at about $744,000. Oslo Asset Management AS grew its position in Valaris by 8.6% in the 1st quarter. Oslo Asset Management AS now owns 190,000 shares of the company’s stock valued at $9,874,000 after acquiring an additional 15,000 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Valaris by 275.7% during the first quarter. Qube Research & Technologies Ltd now owns 117,989 shares of the company’s stock worth $6,132,000 after purchasing an additional 86,585 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Valaris in the first quarter valued at approximately $9,493,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Valaris

In other Valaris news, VP Colleen Grable sold 3,109 shares of Valaris stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $47.57, for a total transaction of $147,895.13. Following the completion of the sale, the vice president now directly owns 15,869 shares of the company’s stock, valued at approximately $754,888.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by insiders.

Valaris Trading Down 5.1 %

NYSE VAL opened at $50.84 on Thursday. Valaris Limited has a 52 week low of $29.46 and a 52 week high of $63.45. The firm has a 50 day moving average of $49.07 and a two-hundred day moving average of $50.39. The stock has a market capitalization of $3.82 billion, a PE ratio of 83.34 and a beta of 1.34. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.48.

Wall Street Analyst Weigh In

Separately, BTIG Research boosted their price target on shares of Valaris from $60.00 to $80.00 in a research note on Wednesday, June 1st.

About Valaris

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Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia.

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Institutional Ownership by Quarter for Valaris (NYSE:VAL)

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