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

Edmond DE Rothschild Holding S.A. increased its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 605,504 shares of the company's stock after purchasing an additional 24,549 shares during the period. Edmond DE Rothschild Holding S.A. owned 0.85% of Valaris worth $26,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VAL. Thrivent Financial for Lutherans boosted its stake in shares of Valaris by 4.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,651 shares of the company's stock worth $873,000 after purchasing an additional 604 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Valaris by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company's stock valued at $44,436,000 after buying an additional 29,031 shares during the period. MetLife Investment Management LLC boosted its position in Valaris by 2.3% during the third quarter. MetLife Investment Management LLC now owns 69,540 shares of the company's stock worth $3,877,000 after acquiring an additional 1,587 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Valaris by 12.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,348 shares of the company's stock worth $856,000 after acquiring an additional 1,713 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Valaris by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,292 shares of the company's stock valued at $6,985,000 after acquiring an additional 2,598 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. initiated coverage on Valaris in a research report on Friday, December 6th. They issued an "underweight" rating and a $40.00 price objective for the company. Citigroup lowered their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Barclays dropped their price objective 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. Susquehanna decreased their target price on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and cut their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. 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 stock presently has an average rating of "Hold" and a consensus target price of $54.33.

Valaris Stock Down 14.3 %

Shares of NYSE:VAL traded down $5.73 during midday trading on Thursday, hitting $34.36. 2,309,711 shares of the company's stock traded hands, compared to its average volume of 1,369,617. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20. The firm's fifty day moving average price is $41.75 and its two-hundred day moving average price is $46.26. 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 company has a market cap of $2.44 billion, a PE ratio of 6.70 and a beta of 1.16.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share 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 firm had revenue of $584.40 million during the quarter, compared to analysts' expectations of $578.01 million. On average, equities research analysts anticipate that Valaris Limited will post 3.96 EPS for the current fiscal year.

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.