Systrade AG Grows Stock Position in Valaris Limited (NYSE:VAL)

Systrade AG lifted its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the company's stock after buying an additional 20,000 shares during the quarter. Valaris comprises approximately 2.8% of Systrade AG's investment portfolio, making the stock its 6th largest holding. Systrade AG owned about 0.06% of Valaris worth $1,770,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Valaris during the 2nd quarter valued at $28,884,000. Dimensional Fund Advisors LP boosted its holdings in Valaris by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company's stock worth $88,573,000 after purchasing an additional 225,283 shares during the last quarter. AQR Capital Management LLC grew its position in Valaris by 338.5% in the 2nd quarter. AQR Capital Management LLC now owns 236,379 shares of the company's stock worth $17,426,000 after purchasing an additional 182,467 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Valaris in the 2nd quarter valued at about $13,306,000. Finally, Waverton Investment Management Ltd lifted its position in shares of Valaris by 20.4% during the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company's stock worth $37,412,000 after buying an additional 113,509 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VAL shares. Susquehanna reduced their target price on Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. assumed coverage on Valaris in a research note on Friday, December 6th. They issued an "underweight" rating and a $40.00 price objective for the company. Evercore ISI lowered Valaris from an "outperform" rating to an "in-line" rating and decreased their target price for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Barclays reissued an "equal weight" rating and issued a $49.00 price target (down from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Finally, Benchmark downgraded shares of Valaris from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, Valaris presently has an average rating of "Hold" and an average price target of $56.67.

Valaris Stock Performance

VAL traded down $0.44 during trading hours on Monday, hitting $48.05. The stock had a trading volume of 1,401,804 shares, compared to its average volume of 1,304,362. Valaris Limited has a 1 year low of $39.90 and a 1 year high of $84.20. The company's fifty day simple moving average is $45.45 and its 200 day simple moving average is $55.48. The stock has a market cap of $3.42 billion, a PE ratio of 3.30 and a beta of 1.10. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

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.