Segall Bryant & Hamill LLC Invests $10.58 Million in Valaris Limited (NYSE:VAL)

Segall Bryant & Hamill LLC purchased a new position in shares of Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 239,099 shares of the company's stock, valued at approximately $10,578,000. Segall Bryant & Hamill LLC owned about 0.34% of Valaris as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VAL. River Road Asset Management LLC boosted its holdings in Valaris by 178.9% in the 4th quarter. River Road Asset Management LLC now owns 409,196 shares of the company's stock valued at $18,103,000 after purchasing an additional 262,468 shares during the period. Packer & Co Ltd purchased a new position in shares of Valaris during the fourth quarter worth about $8,981,000. State Street Corp raised its stake in Valaris by 4.8% in the third quarter. State Street Corp now owns 2,446,006 shares of the company's stock valued at $136,365,000 after purchasing an additional 112,216 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Valaris by 20.6% during the fourth quarter. Bank of New York Mellon Corp now owns 581,106 shares of the company's stock valued at $25,708,000 after purchasing an additional 99,297 shares during the last quarter. Finally, Lingotto Investment Management LLP grew its stake in Valaris by 2.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after buying an additional 87,420 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Valaris Trading Down 2.3 %

Shares of NYSE:VAL traded down $0.94 during trading on Friday, reaching $39.44. 1,131,948 shares of the company traded hands, compared to its average volume of 1,362,019. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. Valaris Limited has a 52-week low of $31.15 and a 52-week high of $84.20. The business's fifty day moving average is $42.25 and its 200-day moving average is $46.56. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 7.67 and a beta of 1.16.

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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. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. As a group, analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VAL. Susquehanna dropped 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. Citigroup cut their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Evercore ISI cut Valaris from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. JPMorgan Chase & Co. started coverage on Valaris in a research note on Friday, December 6th. They issued an "underweight" rating and a $40.00 target price for the company. Finally, StockNews.com raised shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Valaris has an average rating of "Hold" and a consensus price target of $54.33.

Valaris Profile

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.