Valaris Limited (NYSE:VAL) Shares Acquired by Hosking Partners LLP

Hosking Partners LLP lifted its holdings in Valaris Limited (NYSE:VAL - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,842 shares of the company's stock after purchasing an additional 85,891 shares during the period. Hosking Partners LLP owned about 0.48% of Valaris worth $15,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VAL. Quarry LP purchased a new stake in shares of Valaris in the third quarter valued at approximately $25,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 511 shares during the period. KBC Group NV increased its holdings in Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company's stock worth $130,000 after acquiring an additional 1,135 shares in the last quarter. Spire Wealth Management increased its holdings in Valaris by 24.3% in the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company's stock worth $186,000 after acquiring an additional 821 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Valaris during the fourth quarter worth $243,000. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Price Performance

Shares of VAL stock traded down $0.97 during trading hours on Monday, reaching $34.74. The company had a trading volume of 896,561 shares, compared to its average volume of 1,761,004. Valaris Limited has a 12-month low of $34.66 and a 12-month high of $84.20. 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 capitalization of $2.47 billion, a price-to-earnings ratio of 6.76 and a beta of 1.10. The stock has a fifty day moving average of $45.01 and a 200-day moving average of $49.59.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VAL. Barclays dropped their target price on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Evercore ISI cut Valaris from an "outperform" rating to an "in-line" rating and lowered their price objective for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. StockNews.com raised Valaris to a "sell" rating in a report on Thursday, February 20th. Susquehanna decreased their target price on Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. initiated coverage on Valaris in a research note on Friday, December 6th. They issued an "underweight" rating and a $40.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $55.00.

Valaris 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.