Valaris Limited (NYSE:VAL) Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC raised its holdings in Valaris Limited (NYSE:VAL - Free Report) by 178.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 409,196 shares of the company's stock after buying an additional 262,468 shares during the period. River Road Asset Management LLC owned 0.58% of Valaris worth $18,103,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Edgestream Partners L.P. boosted its holdings in shares of Valaris by 106.2% during the 4th quarter. Edgestream Partners L.P. now owns 121,524 shares of the company's stock worth $5,376,000 after buying an additional 62,603 shares during the period. Raymond James Financial Inc. acquired a new position in Valaris during the 4th quarter worth approximately $875,000. Arizona State Retirement System increased its position in Valaris by 1.3% during the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock worth $841,000 after purchasing an additional 237 shares in the last quarter. Aigen Investment Management LP acquired a new position in Valaris during the 4th quarter worth approximately $611,000. Finally, M&T Bank Corp increased its position in Valaris by 31.9% in the 4th quarter. M&T Bank Corp now owns 8,036 shares of the company's stock valued at $356,000 after acquiring an additional 1,944 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Performance

Shares of NYSE:VAL traded up $2.08 during trading on Friday, hitting $38.39. The company's stock had a trading volume of 1,509,482 shares, compared to its average volume of 1,299,408. The company has a 50-day moving average of $43.78 and a 200-day moving average of $48.11. Valaris Limited has a 12 month low of $31.15 and a 12 month high of $84.20. 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 firm has a market cap of $2.73 billion, a price-to-earnings ratio of 7.47 and a beta of 1.16.

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Valaris (NYSE:VAL - Get Free Report) last released 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. 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 analysts' expectations of $578.01 million. On average, sell-side analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

VAL has been the subject of several recent analyst reports. Barclays decreased their price objective on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 25th. Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. StockNews.com upgraded shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Susquehanna decreased their price objective on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Finally, Citigroup lifted their target price 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. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Valaris has a consensus rating of "Hold" and an average price target of $55.00.

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.