Valaris Limited (NYSE:VAL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Valaris Limited (NYSE:VAL - Free Report) by 55.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,300,577 shares of the company's stock after buying an additional 821,304 shares during the quarter. Dimensional Fund Advisors LP owned about 3.23% of Valaris worth $101,771,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its stake in Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after buying an additional 622 shares during the period. Signaturefd LLC lifted its stake in Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after purchasing an additional 1,177 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after purchasing an additional 511 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Valaris by 326.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after purchasing an additional 1,435 shares during the period. Finally, Covestor Ltd increased its stake in Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company's stock worth $85,000 after purchasing an additional 547 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Susquehanna dropped their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. StockNews.com raised shares of Valaris to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI lowered 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 research note on Wednesday, January 15th. Finally, Barclays decreased their target price on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat, Valaris has a consensus rating of "Hold" and an average price target of $50.33.

Valaris Stock Up 1.8 %

Valaris stock opened at $32.96 on Monday. 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 company has a market capitalization of $2.34 billion, a P/E ratio of 6.41 and a beta of 1.06. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $84.20. The firm's fifty day simple moving average is $35.79 and its 200-day simple moving average is $43.07.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating 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 return on equity of 17.40% and a net margin of 15.81%. Sell-side analysts forecast 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.

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