Trexquant Investment LP Takes $1.11 Million Position in Valaris Limited (NYSE:VAL)

Trexquant Investment LP purchased a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 25,146 shares of the company's stock, valued at approximately $1,112,000.

A number of other hedge funds also recently added to or reduced their stakes in VAL. Vanguard Group Inc. increased its position in Valaris by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock valued at $285,532,000 after acquiring an additional 23,509 shares during the last quarter. Lingotto Investment Management LLP boosted its stake in shares of Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after acquiring an additional 87,420 shares during the last quarter. State Street Corp increased its stake in shares of Valaris by 4.8% in the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company's stock worth $136,365,000 after purchasing an additional 112,216 shares in the last quarter. Geode Capital Management LLC lifted its position in Valaris by 4.6% during the third quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company's stock valued at $84,736,000 after purchasing an additional 66,229 shares in the last quarter. Finally, Waverton Investment Management Ltd grew its holdings in Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock valued at $33,451,000 after purchasing an additional 85,250 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Valaris Trading Up 2.8 %

Shares of Valaris stock traded up $0.84 during trading on Wednesday, hitting $31.21. The stock had a trading volume of 279,223 shares, compared to its average volume of 1,997,797. The stock has a market cap of $2.22 billion, a PE ratio of 6.07 and a beta of 1.06. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The firm's fifty day simple moving average is $38.07 and its 200-day simple moving average is $44.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61.

Valaris (NYSE:VAL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.68. The company had revenue of $584.40 million during the quarter, compared to analysts' expectations of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. As a group, sell-side analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Susquehanna decreased their price objective on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays reduced their price objective on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. StockNews.com raised shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and dropped their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Finally, Citigroup reduced their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, Valaris presently has an average rating of "Hold" and an average target price of $50.33.

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.