Versor Investments LP Buys New Stake in Valaris Limited (NYSE:VAL)

Versor Investments LP acquired a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,971 shares of the company's stock, valued at approximately $1,559,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Valaris by 180.8% during the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock worth $27,000 after acquiring an additional 235 shares during the period. Headlands Technologies LLC bought a new stake in Valaris during the 1st quarter valued at $149,000. Choreo LLC purchased a new stake in shares of Valaris in the 2nd quarter worth $204,000. Evergreen Capital Management LLC bought a new position in shares of Valaris during the 2nd quarter worth $204,000. Finally, Scientech Research LLC purchased a new position in shares of Valaris during the second quarter valued at $211,000. Institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VAL. Susquehanna lowered their price objective on shares of Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Barclays dropped their price objective on shares of Valaris from $61.00 to $59.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Benchmark downgraded shares of Valaris from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Citigroup cut their price target on Valaris from $95.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Finally, Pickering Energy Partners cut Valaris from an "outperform" rating to a "neutral" rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Valaris has an average rating of "Hold" and a consensus price target of $80.00.

Insiders Place Their Bets

In other Valaris news, SVP Matthew Lyne sold 26,000 shares of Valaris stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the completion of the sale, the senior vice president now owns 24,388 shares of the company's stock, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Gilles Luca sold 30,000 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the completion of the transaction, the chief operating officer now directly owns 108,342 shares in the company, valued at $6,160,326.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew Lyne sold 26,000 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the sale, the senior vice president now directly owns 24,388 shares in the company, valued at $1,360,118.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,403 shares of company stock valued at $4,028,246. Insiders own 0.12% of the company's stock.

Valaris Stock Up 2.4 %

Shares of VAL stock traded up $1.19 during trading hours on Monday, reaching $51.19. 1,243,588 shares of the company's stock were exchanged, compared to its average volume of 1,056,021. The stock has a market cap of $3.64 billion, a PE ratio of 3.43 and a beta of 1.17. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. The stock's fifty day moving average price is $53.42 and its two-hundred day moving average price is $65.16. Valaris Limited has a 1 year low of $48.04 and a 1 year high of $84.20.

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.