SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.4% Passive Stake in VALARIS LTD
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, reporting a beneficial ownership of 4.4% of VALARIS LTD's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, through various entities, beneficially own an aggregate of 3,144,218.77 shares of VALARIS LTD common stock.
- This ownership represents 4.4% of the total outstanding common stock of VALARIS LTD.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported passive investment.
- FMR LLC, a Delaware entity, holds sole voting power over 3,137,250.00 shares and sole dispositive power over 3,144,218.77 shares.
- Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 3,144,218.77 shares, with no sole or shared voting power.
- The reporting persons certify that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of VALARIS LTD.
- The filing notes that one or more other persons have the right to receive dividends or proceeds from the sale of these securities, but no single person's interest exceeds 5% of the class.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, containing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson |
| 2024-12-31 | Date of event which requires filing of this statement |
| 2025-02-11 | Date of filing and agreement for joint filing |
Keywords
VALARIS LTD, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Passive Investment
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