Tejara Capital Ltd Has $4.97 Million Holdings in Valaris Limited (NYSE:VAL)

Tejara Capital Ltd grew its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 93.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,405 shares of the company's stock after buying an additional 54,173 shares during the quarter. Valaris makes up 3.2% of Tejara Capital Ltd's holdings, making the stock its 13th biggest holding. Tejara Capital Ltd owned approximately 0.16% of Valaris worth $4,973,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VAL. Quarry LP bought a new stake in shares of Valaris during the third quarter worth $25,000. Signaturefd LLC grew its stake in shares of Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares during the last quarter. KBC Group NV grew its stake in shares of Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock worth $130,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of Valaris by 24.3% in the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company's stock worth $186,000 after purchasing an additional 821 shares during the last quarter. Institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and reduced their price objective for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Susquehanna reduced their price objective on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Citigroup dropped their target price on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a report on Friday, December 6th. They issued an "underweight" rating and a $40.00 target price on the stock. Finally, StockNews.com upgraded shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.33.

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Valaris Stock Down 1.7 %

Shares of NYSE VAL traded down $0.68 during trading on Friday, hitting $39.68. 1,774,690 shares of the company traded hands, compared to its average volume of 1,314,697. The business's fifty day moving average is $43.07 and its 200 day moving average is $47.19. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The firm had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Equities 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.