Segall Bryant & Hamill LLC Purchases New Position in Valaris Limited (NYSE:VAL)

Segall Bryant & Hamill LLC acquired a new stake 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 Securities and Exchange Commission (SEC). The fund acquired 239,099 shares of the company's stock, valued at approximately $10,578,000. Segall Bryant & Hamill LLC owned approximately 0.34% of Valaris as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lingotto Investment Management LLP boosted its stake in Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after purchasing an additional 87,420 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Valaris during the fourth quarter valued at approximately $611,000. Centiva Capital LP bought a new stake in Valaris during the third quarter worth $930,000. XTX Topco Ltd purchased a new stake in Valaris in the 3rd quarter valued at $1,862,000. Finally, Waverton Investment Management Ltd lifted its stake in Valaris by 12.7% during the 4th quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock valued at $33,451,000 after acquiring an additional 85,250 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VAL. JPMorgan Chase & Co. began coverage on shares of Valaris in a report on Friday, December 6th. They issued an "underweight" rating and a $40.00 target price for the company. Susquehanna dropped their target price on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Evercore ISI downgraded Valaris from an "outperform" rating to an "in-line" rating and cut their target price for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Citigroup decreased their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Barclays dropped their price target on Valaris from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Two 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 a consensus rating of "Hold" and an average target price of $54.33.

Valaris Stock Performance

Shares of VAL stock traded down $0.18 during trading hours on Monday, hitting $39.29. 1,379,424 shares of the company were exchanged, compared to its average volume of 1,362,098. 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 $2.79 billion, a price-to-earnings ratio of 7.64 and a beta of 1.16. The firm has a fifty day simple moving average of $42.08 and a 200 day simple moving average of $46.40. Valaris Limited has a 52-week low of $31.15 and a 52-week high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last released its 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 return on equity of 17.40% and a net margin of 15.81%. The business had revenue of $584.40 million during the quarter, compared to the consensus estimate of $578.01 million. Research analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Valaris Company 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.