Goehring & Rozencwajg Associates LLC Reduces Stake in Valaris Limited

Goehring & Rozencwajg Associates LLC has reduced its holdings in Valaris Limited (NYSE:VAL) by 3.7% during the fourth quarter, as revealed in its recent Form 13F filing with the SEC. After selling 6,454 shares, the institutional investor now owns a total of 167,230 shares in the company. Valaris accounts for approximately 1.4% of Goehring & Rozencwajg Associates LLC's investment portfolio, ranking it as the firm's 29th largest position. The total value of their holdings amounted to $6,892,000 at the close of the most recent quarter.

Other Investors Adjust Their Positions

Several other significant investors have also modified their stakes in Valaris recently. For instance, Jennison Associates LLC increased its position by 27.3% in the fourth quarter, holding 20,641 shares valued at $913,000 after acquiring an additional 4,422 shares. U.S. Capital Wealth Advisors LLC significantly boosted its stake by 177.5%, owning 72,688 shares worth $3,216,000 after an additional purchase of 46,493 shares. Spire Wealth Management also expanded its investment by 24.3%, now holding 4,206 shares valued at $186,000 after purchasing 821 more shares. Similarly, Deane Retirement Strategies Inc. raised its holdings by 6.1%, bringing their total to 42,984 shares valued at $1,902,000 after buying an extra 2,480 shares. KBC Group NV also grew its position by 63.3%, now owning 2,929 shares worth $130,000 after acquiring an additional 1,135 shares. Overall, institutional investors control 96.74% of Valaris's stock.

Changes in Analyst Ratings

Several brokerage firms have recently given updates on Valaris. Evercore ISI downgraded the company’s rating from "outperform" to "in-line" and revised their price target down from $87.00 to $59.00 in a report on January 15th. In another report, Susquehanna lowered their target price from $61.00 to $55.00, maintaining a "neutral" rating. Barclays reiterated an "equal weight" rating with a price target of $49.00, which has also dropped from $59.00. JPMorgan Chase & Co. began coverage of Valaris with an "underweight" rating and set a $40.00 price target. Benchmark also downgraded the stock from a "buy" to a "hold" rating in October. Currently, two research analysts have rated the stock as a sell, while six have given it a hold rating, leading to an average rating of "Hold" and a consensus price target of $56.83 according to MarketBeat.com.

Valaris Stock Overview

As of Friday, shares of Valaris (NYSE:VAL) opened at $45.87. The company carries a market capitalization of $3.26 billion, a price-to-earnings ratio of 3.15, and a beta of 1.10. Valaris has a 50-day simple moving average of $45.40 and a 200-day average of $53.05. The debt-to-equity ratio stands at 0.51, with both the current and quick ratios at 1.61. The stock has reached a 52-week low of $39.90 and a high of $84.20.

About Valaris Limited

Valaris Limited, along with its subsidiaries, offers offshore contract drilling services across various regions including the Gulf of Mexico, South America, North Sea, Middle East, Africa, and Asia Pacific. The company operates through four main segments: Floaters, Jackups, ARO, and others, and manages a fleet of offshore drilling rigs that includes drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rigs, and jackup rigs.

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