Valaris Limited (NYSE:VAL) Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. increased its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 605,504 shares of the company's stock after buying an additional 24,549 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.85% of Valaris worth $26,787,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Valaris during the third quarter worth $25,000. Signaturefd LLC raised its holdings in Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares in the last quarter. Blue Trust Inc. grew its position in shares of Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after buying an additional 511 shares during the last quarter. KBC Group NV boosted its stake in Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock valued at $130,000 after acquiring an additional 1,135 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Valaris during the fourth quarter worth about $176,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Analysts Set New Price Targets

VAL has been the subject of several research reports. Susquehanna reduced their target price on Valaris from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Citigroup lowered their target price on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. StockNews.com raised shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Barclays decreased their price target on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. started coverage on shares of Valaris in a research report on Friday, December 6th. They set an "underweight" rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.33.

Valaris Stock Performance

NYSE:VAL traded down $3.92 during mid-day trading on Friday, reaching $30.58. The stock had a trading volume of 2,971,975 shares, compared to its average volume of 1,380,274. Valaris Limited has a twelve month low of $29.54 and a twelve month high of $84.20. The business has a 50 day simple moving average of $41.46 and a 200 day simple moving average of $46.18. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 5.88 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

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

About Valaris

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.