Hara Capital LLC Has $3.18 Million Stake in Valaris Limited (NYSE:VAL)

Hara Capital LLC lifted its stake in Valaris Limited (NYSE:VAL) by 8.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,035 shares of the company’s stock after purchasing an additional 4,616 shares during the quarter. Valaris accounts for 1.9% of Hara Capital LLC’s portfolio, making the stock its 12th largest position. Hara Capital LLC owned about 0.08% of Valaris worth $3,180,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Arizona State Retirement System boosted its stake in shares of Valaris by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock valued at $1,359,000 after buying an additional 214 shares during the period. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 235 shares during the last quarter. World Equity Group Inc. grew 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 valued at $956,000 after purchasing an additional 238 shares in the last quarter. Victory Capital Management Inc. increased its position in Valaris by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,080 shares of the company’s stock worth $378,000 after purchasing an additional 243 shares during the last quarter. Finally, Deane Retirement Strategies Inc. raised its stake in shares of Valaris by 0.6% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 40,504 shares of the company’s stock worth $2,259,000 after purchasing an additional 251 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Performance

Shares of NYSE:VAL traded down $0.84 during midday trading on Thursday, hitting $51.43. The company’s stock had a trading volume of 173,104 shares, compared to its average volume of 1,051,173. Valaris Limited has a fifty-two week low of $48.04 and a fifty-two week high of $84.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 3.59 and a beta of 1.17. The stock’s 50 day simple moving average is $53.99 and its 200 day simple moving average is $65.52.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VAL shares. Susquehanna lowered their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Barclays dropped their price target on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday. Benchmark lowered shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Citigroup lowered their target price on shares of Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Pickering Energy Partners cut Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. One equities 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $80.00.

Insider Buying and Selling at Valaris

In other 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 directly owns 24,388 shares of the company’s stock, valued at approximately $1,360,118.76. This 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 can be accessed through this hyperlink. In related news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 24,388 shares in the company, valued at $1,360,118.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gilles Luca sold 30,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $6,160,326.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,403 shares of company stock valued at $4,028,246 in the last 90 days. 0.12% of the stock is currently owned by insiders.

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.