SG Americas Securities LLC Has $216,000 Stock Holdings in Valaris Limited (NYSE:VAL)

SG Americas Securities LLC cut its stake in shares of Valaris Limited (NYSE:VAL) by 89.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,877 shares of the company’s stock after selling 32,008 shares during the period. SG Americas Securities LLC’s holdings in Valaris were worth $216,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Valaris by 180.8% during the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 235 shares during the period. Headlands Technologies LLC acquired a new position in Valaris during the first quarter valued at $149,000. Evergreen Capital Management LLC acquired a new position in Valaris during the second quarter valued at $204,000. Choreo LLC acquired a new position in Valaris during the second quarter valued at $204,000. Finally, Scientech Research LLC acquired a new position in Valaris during the second quarter valued at $211,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valaris

In other news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,360,118.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,360,118.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Davor Vukadin sold 15,403 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were 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 of the company’s stock, valued at approximately $755,237.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,403 shares of company stock worth $4,028,246. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup dropped their price target on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Susquehanna dropped their price target on Valaris from $62.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Pickering Energy Partners lowered Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Barclays dropped their target price on Valaris from $98.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Finally, Benchmark lowered Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.33.

Valaris Stock Performance

Shares of VAL stock opened at $50.35 on Wednesday. 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 Limited has a fifty-two week low of $49.62 and a fifty-two week high of $84.20. The stock’s 50-day moving average is $56.83 and its two-hundred day moving average is $67.14. The firm has a market cap of $3.65 billion, a P/E ratio of 4.41 and a beta of 1.15.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $1.07. The company 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%. Analysts predict that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Valaris Company 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.