Mirabella Financial Services LLP Boosts Position in Valaris Limited (NYSE:VAL)

Mirabella Financial Services LLP increased its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 415.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,000 shares of the company's stock after buying an additional 32,237 shares during the quarter. Mirabella Financial Services LLP owned about 0.06% of Valaris worth $2,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VAL. Arizona State Retirement System raised its stake in shares of Valaris by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 18,244 shares of the company's stock valued at $1,359,000 after acquiring an additional 214 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Valaris by 180.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. World Equity Group Inc. raised its position in Valaris by 1.9% in the second quarter. World Equity Group Inc. now owns 12,827 shares of the company's stock valued at $956,000 after purchasing an additional 238 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Valaris by 5.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,080 shares of the company's stock valued at $378,000 after buying an additional 243 shares during the period. Finally, Deane Retirement Strategies Inc. lifted its stake in Valaris by 0.6% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 40,504 shares of the company's stock worth $2,259,000 after acquiring an additional 251 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Valaris

In other Valaris news, SVP Matthew Lyne sold 26,000 shares of Valaris stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the transaction, the senior vice president now directly owns 24,388 shares in the company, valued at approximately $1,360,118.76. This trade represents a 51.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Gilles Luca sold 30,000 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.86, for a total value of $1,705,800.00. Following the completion of the transaction, the chief operating officer now directly owns 108,342 shares in the company, valued at approximately $6,160,326.12. The trade was a 21.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,403 shares of company stock valued at $4,028,246 in the last ninety days. Insiders own 0.12% of the company's stock.

Valaris Stock Down 3.6 %

Shares of NYSE VAL traded down $1.79 during midday trading on Monday, hitting $47.60. 743,963 shares of the company's stock were exchanged, compared to its average volume of 1,095,023. The firm's fifty day simple moving average is $51.98 and its 200-day simple moving average is $63.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $3.39 billion, a PE ratio of 3.40 and a beta of 1.17. Valaris Limited has a twelve month low of $46.03 and a twelve month high of $84.20.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Benchmark downgraded Valaris from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Barclays cut their target price on shares of Valaris from $61.00 to $59.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Susquehanna dropped their price target on shares of Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Finally, Citigroup reduced their price objective on Valaris from $95.00 to $71.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $80.00.

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.