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 $ 1.15 million.
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 $683.93 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 10.26 to its Friday closing price.
Price Performance Review of VAL
On Friday, Valaris Limited [NYSE:VAL] saw its stock jump 1.27% to $76.28. On the same session, the stock had its day’s lowest price of $75.37, but rose to a high of $77.54. Over the last five days, the stock has gained 3.87%. Valaris Limited shares have risen nearly 12.81% since the year began. Nevertheless, the stocks have risen 49.63% 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 $71.19, while 200 days put it at $66.61. A total of 0.91 million shares were traded, compared to the trading of 0.57 million shares in the previous session.
Levels Of Support And Resistance For VAL Stock
The 24-hour chart illustrates a support level at 75.25, which if violated will result in even more drops to 74.23. On the upside, there is a resistance level at 77.42. A further resistance level may holdings at 78.57. The Relative Strength Index (RSI) on the 14-day chart is 61.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.72%. Stochastics %K at 80.68% indicates the stock is a selling.
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 39.41 percent from its previous closing price of $75.32. 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.