Rhumbline Advisers lessened its holdings in Valaris Limited (NYSE:VAL - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 202,637 shares of the company's stock after selling 6,290 shares during the period. Rhumbline Advisers owned about 0.28% of Valaris worth $8,965,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares in the last quarter. Stanley Laman Group Ltd. grew its position in shares of Valaris by 19.5% in the 4th quarter. Stanley Laman Group Ltd. now owns 82,710 shares of the company's stock worth $3,659,000 after buying an additional 13,508 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Valaris during the fourth quarter worth $243,000. Jennison Associates LLC boosted its position in shares of Valaris by 27.3% in the 4th quarter. Jennison Associates LLC now owns 20,641 shares of the company's stock worth $913,000 after purchasing an additional 4,422 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Valaris by 177.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 72,688 shares of the company's stock worth $3,216,000 after purchasing an additional 46,493 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on VAL shares. Citigroup lifted their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Barclays lowered their price target on Valaris from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday. StockNews.com raised Valaris to a "sell" rating in a report on Thursday, February 20th. Evercore ISI downgraded Valaris from an "outperform" rating to an "in-line" rating and decreased their target price for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Valaris in a report on Friday, December 6th. They issued an "underweight" rating and a $40.00 price target on the stock. Two 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, the company currently has a consensus rating of "Hold" and a consensus target price of $55.00.
Get Our Latest Stock Report on Valaris
Valaris Stock Performance
VAL stock traded down $0.95 during trading on Friday, hitting $35.69. 3,176,246 shares of the company traded hands, compared to its average volume of 1,784,702. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The company has a market cap of $2.54 billion, a PE ratio of 6.94 and a beta of 1.10. The stock's 50-day simple moving average is $45.12 and its 200 day simple moving average is $49.99. Valaris Limited has a 1 year low of $35.40 and a 1 year high of $84.20.
Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The firm had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. On average, equities analysts expect that Valaris Limited will post 3.96 earnings per share for the current fiscal year.
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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