Sat Sep 21 11:27:12 UTC 2024: ## Valaris Stock Sees Mixed Activity from Institutional Investors: Mutual of America Capital Management Cuts Stake

**New York, NY (MarketBeat News) -** Valaris Limited (NYSE:VAL), a leading provider of offshore contract drilling services, saw a mixed bag of activity from institutional investors in recent quarters, according to reports from HoldingsChannel.com.

Mutual of America Capital Management LLC reduced its position in Valaris by 4.3% during the second quarter, selling 3,312 shares to bring its total ownership to 72,959 shares. Meanwhile, several other investors increased their stakes in the company.

Lingotto Investment Management LLP boosted its holdings by 3.6% in the fourth quarter, acquiring 104,000 shares. Vanguard Group Inc. also increased its stake by 4.3% in the fourth quarter, adding 77,490 shares.

Other notable increases include Condire Management LP (14.7% in the first quarter), Dimensional Fund Advisors LP (23.4% in the second quarter), and Principal Financial Group Inc. (4.9% in the first quarter).

**Analysts Remain Optimistic on Valaris**

Despite the mixed institutional activity, analysts remain generally positive on Valaris, with a consensus rating of “Moderate Buy” and a consensus target price of $91.40, according to MarketBeat.com.

Several research reports have been published recently, including a “Buy” rating and $90.00 price target from Benchmark, a downgrade to “Neutral” from Pickering Energy Partners, and a reduced target price from Barclays.

**Insider Trading Activity**

Several Valaris executives have recently sold shares of the company. COO Gilles Luca sold 30,000 shares on September 9th, while SVP Davor Vukadin sold 15,403 shares on the same day.

**Recent Earnings and Key Metrics**

Valaris reported strong second-quarter earnings on July 31st, exceeding analysts’ expectations. The company earned $2.03 per share on revenue of $610.10 million. Analysts are forecasting earnings per share of 4.37 for the full year.

Valaris has a market capitalization of $4.01 billion, a debt-to-equity ratio of 0.49, and a beta of 1.17.

**Looking Ahead**

While institutional investor sentiment towards Valaris remains mixed, the company’s strong recent earnings and analysts’ generally positive outlook suggest that the future for Valaris could be bright.

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