Valaris Limited (NYSE:VAL) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Valaris Limited (NYSE:VAL - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,454,159 shares of the company's stock after purchasing an additional 23,509 shares during the quarter. Vanguard Group Inc. owned about 9.08% of Valaris worth $285,532,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of Valaris by 101.4% in the fourth quarter. LPL Financial LLC now owns 21,322 shares of the company's stock worth $943,000 after purchasing an additional 10,737 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Valaris in the 4th quarter worth approximately $571,000. American Century Companies Inc. increased its stake in Valaris by 3.5% in the 4th quarter. American Century Companies Inc. now owns 33,474 shares of the company's stock worth $1,481,000 after acquiring an additional 1,117 shares during the last quarter. Privium Fund Management B.V. raised its holdings in shares of Valaris by 86.3% during the 4th quarter. Privium Fund Management B.V. now owns 14,182 shares of the company's stock worth $627,000 after acquiring an additional 6,571 shares in the last quarter. Finally, Packer & Co Ltd bought a new position in shares of Valaris during the 4th quarter valued at approximately $8,981,000. Hedge funds and other institutional investors own 96.74% of the company's stock.

Valaris Trading Up 15.1 %

Valaris stock traded up $4.37 during midday trading on Wednesday, reaching $33.31. The stock had a trading volume of 3,735,355 shares, compared to its average volume of 1,428,842. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 6.48 and a beta of 1.06. Valaris Limited has a 52-week low of $27.20 and a 52-week high of $84.20. The company has a fifty day moving average of $39.38 and a 200 day moving average of $45.14.

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Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $584.40 million during 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%. On average, analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barclays reduced their price target 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. Evercore ISI cut shares of 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. Citigroup lowered their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Susquehanna reduced their price objective on Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com upgraded Valaris to a "sell" rating in a research 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.50.

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.