Valaris Limited (VAL) Becoming More Attractive for Investors


In a filing, Valaris Limited revealed its VP – Controller Grable Colleen unloaded Company’s shares for reported $0.38 million on Aug 09. In the deal valued at $75.00 per share,5,034 shares were sold. As a result of this transaction, Grable Colleen now holds 15,074 shares worth roughly $ 1.11 million.

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Then, OAK HILL ADVISORS LP sold 4,200,000 shares, generating $307,020,000 in total proceeds. Upon selling the shares at $73.10, the 10% Owner now owns 4,766,016 shares.

Before that, OAK HILL ADVISORS LP sold 18,923 shares. Valaris Limited shares valued at $1,355,871 were divested by the 10% Owner at a price of $71.65 per share. As a result of the transaction, OAK HILL ADVISORS LP now holds 8,966,016 shares, worth roughly $658.46 million.

Citigroup initiated its Valaris Limited [VAL] rating to a Buy in a research note published on Friday, July 05, 2023; the price target was $85. PT values the company’s stock at a premium of 13.6 to its Friday closing price.

Price Performance Review of VAL

On Friday, Valaris Limited [NYSE:VAL] saw its stock jump 1.17% to $73.44. On the same session, the stock had its day’s lowest price of $72.52, but rose to a high of $74.01. Over the last five days, the stock has lost -1.98%. Valaris Limited shares have risen nearly 8.61% since the year began. Nevertheless, the stocks have risen 47.62% over the past one year. While a 52-week high of $80.00 was reached on 02/14/23, a 52-week low of $46.54 was recorded on 05/04/23. SMA at 50 days reached $69.50, while 200 days put it at $66.38. A total of 0.53 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For VAL Stock

The 24-hour chart illustrates a support level at 72.64, which if violated will result in even more drops to 71.83. On the upside, there is a resistance level at 74.13. A further resistance level may holdings at 74.81. The Relative Strength Index (RSI) on the 14-day chart is 51.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.52%. Stochastics %K at 51.01% indicates the stock is a holding.

How much short interest is there in Valaris Limited?

A steep rise in short interest was recorded in Valaris Limited stocks on Aug 14, 2023, dropping by -0.11 million shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.16 million shares. There was a decline of -3.61%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.84.

Valaris Limited [VAL] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,293,730 shares, or roughly 8.37% of the outstanding VAL shares. In other words, the investor’s shares have risen by 148,664 from its previous 13-F filing of 6145066.0. Additionally, Orbis Investment Management Ltd. decreased -4.70% of its stake after which the total value it holdings stand at $389,856,154, while Oak Hill Advisors LP reduced -46.65% of its stake to hold $368.18 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -248,433 shares of Valaris Limited, while Lodbrok Capital LLP sold 0 shares. At present, Adage Capital Management LP is holding 2,299,693 shares valued at $176.62 million. SSgA Funds Management, Inc. owned 2,156,799 shares of the company at the time of its most recent 13F filing, worth $165.64 million.

According to FactSet, Valaris Limited’s share price will average $100.18 in the next year, based on opinions of analysts polled by the firm. This is up nearly 44.65 percent from its previous closing price of $72.59. Analysts expect Valaris Limited stock to reach the higher price of $113.00, while the lowest price estimate is $84.00. However, 12 analysts have rated VAL stock as a Buy in their predictions for 2023.


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