SeaCrest Wealth Management LLC trimmed its position in Valaris Limited (NYSE:VAL - Free Report) by 39.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,372 shares of the company's stock after selling 6,173 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Valaris were worth $415,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Valaris in the third quarter worth about $25,000. Choreo LLC bought a new position in Valaris in the 2nd quarter worth approximately $204,000. Evergreen Capital Management LLC bought a new position in Valaris in the 2nd quarter worth approximately $204,000. Scientech Research LLC purchased a new stake in Valaris during the 2nd quarter valued at approximately $211,000. Finally, SkyView Investment Advisors LLC bought a new stake in shares of Valaris during the second quarter valued at approximately $224,000. Institutional investors own 96.74% of the company's stock.
Analysts Set New Price Targets
VAL has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Valaris in a research report on Friday, December 6th. They set an "underweight" rating and a $40.00 target price for the company. Susquehanna cut their price objective on Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Barclays reiterated an "equal weight" rating and issued a $49.00 target price (down from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. Evercore ISI cut Valaris from an "outperform" rating to an "in-line" rating and cut their price target for the company from $87.00 to $59.00 in a report on Wednesday. Finally, Benchmark cut Valaris from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.67.
View Our Latest Research Report on Valaris
Valaris Trading Down 0.9 %
Shares of NYSE:VAL traded down $0.44 during trading on Friday, hitting $48.05. The company had a trading volume of 1,388,304 shares, compared to its average volume of 1,463,809. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 3.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. The company has a fifty day simple moving average of $45.48 and a two-hundred day simple moving average of $55.90. Valaris Limited has a one year low of $39.90 and a one year high of $84.20.
Valaris Profile
(
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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