Diversify Advisory Services LLC Has $7.67 Million Stock Position in Valaris Limited (NYSE:VAL)

Diversify Advisory Services LLC lifted its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,572 shares of the company's stock after purchasing an additional 17,690 shares during the period. Diversify Advisory Services LLC owned 0.19% of Valaris worth $7,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Valaris by 180.8% in the first 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 period. Headlands Technologies LLC bought a new position in Valaris in the 1st quarter valued at about $149,000. Choreo LLC acquired a new stake in Valaris during the second quarter worth approximately $204,000. Evergreen Capital Management LLC bought a new stake in shares of Valaris during the second quarter worth approximately $204,000. Finally, Scientech Research LLC acquired a new position in shares of Valaris in the second quarter valued at approximately $211,000. 96.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays reduced their price target on Valaris from $91.00 to $61.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Benchmark lowered shares of Valaris from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Citigroup cut their price objective on shares of Valaris from $95.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Pickering Energy Partners cut shares of Valaris from an "outperform" rating to a "neutral" rating in a report on Tuesday, July 16th. Finally, Susquehanna reduced their price target on Valaris from $62.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Valaris currently has an average rating of "Hold" and a consensus price target of $81.33.

Insider Transactions at Valaris

In related news, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the sale, the chief operating officer now directly owns 108,342 shares of the company's stock, valued at approximately $6,160,326.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction dated 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 sale, the chief operating officer now directly owns 108,342 shares of the company's stock, valued at approximately $6,160,326.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Lyne sold 26,000 shares of the company's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $55.77, for a total value of $1,450,020.00. Following the completion of the transaction, the senior vice president now directly owns 24,388 shares of the company's stock, valued at $1,360,118.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is currently owned by insiders.

Valaris Price Performance

Shares of NYSE VAL traded down $1.07 during trading hours on Tuesday, hitting $48.52. 1,261,488 shares of the stock were exchanged, compared to its average volume of 1,023,713. The company's fifty day simple moving average is $55.26 and its two-hundred day simple moving average is $66.19. The company has a market cap of $3.53 billion, a PE ratio of 3.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 1.73. Valaris Limited has a 1-year low of $48.43 and a 1-year high of $84.20.

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