Venture Visionary Partners LLC Invests $1.54 Million in Valaris Limited (NYSE:VAL)

Venture Visionary Partners LLC bought a new stake in Valaris Limited (NYSE:VAL - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,548 shares of the company's stock, valued at approximately $1,536,000.

Several other hedge funds have also modified their holdings of VAL. Lee Johnson Capital Management LLC purchased a new position in Valaris in the first quarter valued at about $7,355,000. SG Americas Securities LLC boosted its stake in shares of Valaris by 699.3% during the 1st quarter. SG Americas Securities LLC now owns 16,881 shares of the company's stock valued at $1,270,000 after buying an additional 14,769 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Valaris during the first quarter worth approximately $8,743,000. Virtu Financial LLC bought a new stake in shares of Valaris in the first quarter worth $582,000. Finally, Natixis acquired a new stake in Valaris in the first quarter valued at $730,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Pickering Energy Partners lowered shares of Valaris from an "outperform" rating to a "neutral" rating in a report on Tuesday, July 16th. Barclays lowered their price objective on Valaris from $98.00 to $91.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Benchmark downgraded Valaris from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Citigroup lowered their price target on Valaris from $95.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Finally, Susquehanna reduced their price objective on Valaris from $62.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $86.33.

Valaris Stock Performance

NYSE:VAL traded down $0.92 during midday trading on Tuesday, reaching $50.35. 1,411,921 shares of the company traded hands, compared to its average volume of 1,013,314. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 4.41 and a beta of 1.15. The company has a fifty day moving average price of $56.83 and a 200 day moving average price of $67.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.73 and a quick ratio of 1.73. Valaris Limited has a twelve month low of $49.62 and a twelve month high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $1.07. Valaris had a net margin of 49.33% and a return on equity of 12.58%. The company had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. On average, analysts expect that Valaris Limited will post 4.37 EPS for the current fiscal year.

Insider Activity at Valaris

In related news, SVP Davor Vukadin sold 15,403 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the transaction, the senior vice president now owns 13,334 shares in the company, valued at $755,237.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Davor Vukadin sold 15,403 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the transaction, the senior vice president now owns 13,334 shares of the company's stock, valued at $755,237.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $56.86, for a total transaction 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 $6,160,326.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,403 shares of company stock worth $4,028,246 over the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

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.