Waverton Investment Management Ltd Has $33.45 Million Position in Valaris Limited (NYSE:VAL)

Waverton Investment Management Ltd grew its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 756,135 shares of the company's stock after acquiring an additional 85,250 shares during the period. Waverton Investment Management Ltd owned about 1.06% of Valaris worth $33,451,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VAL. Quarry LP acquired a new position in Valaris in the third quarter valued at approximately $25,000. Blue Trust Inc. increased its holdings in shares of Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after buying an additional 511 shares in the last quarter. KBC Group NV increased its holdings in shares of Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock valued at $130,000 after buying an additional 1,135 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Valaris by 24.3% in the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company's stock valued at $186,000 after buying an additional 821 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Valaris in the fourth quarter valued at $243,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Trading Down 1.5 %

NYSE VAL traded down $0.55 during trading hours on Thursday, hitting $36.59. The company's stock had a trading volume of 2,168,715 shares, compared to its average volume of 1,748,917. The stock has a fifty day moving average of $45.21 and a 200 day moving average of $50.08. Valaris Limited has a twelve month low of $36.55 and a twelve month high of $84.20. The firm has a market capitalization of $2.60 billion, a P/E ratio of 7.12 and a beta of 1.10. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.68. The company had revenue of $584.40 million during the quarter, compared to the consensus estimate of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. Equities research analysts forecast that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on VAL. Citigroup lifted their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Susquehanna reduced their price objective on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research report on Friday, December 6th. They set an "underweight" rating and a $40.00 target price for the company. Evercore ISI lowered shares of Valaris from an "outperform" rating to an "in-line" rating and cut their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, StockNews.com raised shares of 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 assigned a hold rating to the stock. Based on data from MarketBeat.com, Valaris currently has an average rating of "Hold" and a consensus target price of $55.00.

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.