Renaissance Technologies LLC purchased a new position in shares of Valaris Limited (NYSE:VAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 491,572 shares of the company's stock, valued at approximately $21,747,000. Renaissance Technologies LLC owned about 0.69% of Valaris as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of VAL. Signaturefd LLC boosted its stake in shares of Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after purchasing an additional 1,177 shares during the period. 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 worth $78,000 after acquiring an additional 511 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Valaris by 326.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock worth $83,000 after acquiring an additional 1,435 shares during the period. KBC Group NV raised its stake in shares of Valaris by 63.3% during the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock valued at $130,000 after acquiring an additional 1,135 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Valaris in the fourth quarter valued at approximately $176,000. Hedge funds and other institutional investors own 96.74% of the company's stock.
Valaris Stock Down 0.9 %
Shares of VAL traded down $0.28 during midday trading on Wednesday, hitting $30.09. 1,239,034 shares of the company's stock traded hands, compared to its average volume of 1,453,113. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $84.20. The firm's fifty day moving average is $38.07 and its 200-day moving average is $44.45. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 5.85 and a beta of 1.06.
Valaris (NYSE:VAL - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. As a group, sell-side analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.
Wall Street Analysts Forecast Growth
VAL has been the subject of a number of research analyst reports. Susquehanna decreased their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday. Barclays lowered their price objective on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and lowered their price target for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. StockNews.com raised shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Finally, Citigroup dropped their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.33.
Read Our Latest Research Report on VAL
About Valaris
(
Free Report)
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.
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