Valaris Limited (NYSE:VAL) Stock Holdings Increased by Bridgewater Associates LP

Bridgewater Associates LP lifted its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 3,482.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,487 shares of the company's stock after purchasing an additional 128,789 shares during the quarter. Bridgewater Associates LP owned about 0.19% of Valaris worth $5,861,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VAL. Sterling Capital Management LLC boosted its holdings in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after acquiring an additional 622 shares during the last quarter. Signaturefd LLC boosted its holdings in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. boosted its holdings in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after acquiring an additional 511 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Valaris by 326.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Valaris by 40.1% in the fourth quarter. Covestor Ltd now owns 1,911 shares of the company's stock valued at $85,000 after acquiring an additional 547 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Stock Down 1.9 %

Shares of NYSE VAL traded down $0.61 during midday trading on Wednesday, reaching $30.72. 803,656 shares of the company's stock were exchanged, compared to its average volume of 1,967,916. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $84.20. The stock has a market capitalization of $2.18 billion, a PE ratio of 5.98 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The business's fifty day moving average price is $36.54 and its two-hundred day moving average price is $43.60.

Valaris (NYSE:VAL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

VAL has been the topic of a number of research analyst reports. Susquehanna reduced their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup reduced their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. StockNews.com upgraded Valaris to a "sell" rating in a research note on Thursday, February 20th. Evercore ISI cut Valaris from an "outperform" rating to an "in-line" rating and reduced their price objective for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Finally, Barclays reduced their price objective on Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $50.33.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.