Valaris Limited (NYSE:VAL) Shares Acquired by X Square Capital LLC

X Square Capital LLC raised its stake in Valaris Limited (NYSE:VAL - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,063 shares of the company's stock after acquiring an additional 10,693 shares during the quarter. X Square Capital LLC's holdings in Valaris were worth $1,153,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Valaris by 1.3% during the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock worth $841,000 after purchasing an additional 237 shares during the last quarter. Quarry LP purchased a new position in shares of Valaris during the third quarter valued at approximately $25,000. Xponance Inc. boosted its position in Valaris by 5.5% during the fourth quarter. Xponance Inc. now owns 9,273 shares of the company's stock worth $410,000 after acquiring an additional 487 shares during the last quarter. State of Michigan Retirement System grew its stake in Valaris by 3.3% in the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock worth $686,000 after acquiring an additional 500 shares during the period. Finally, Blue Trust Inc. raised its holdings in Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after acquiring an additional 511 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Trading Up 3.7 %

VAL stock traded up $1.44 during midday trading on Tuesday, reaching $40.70. 449,198 shares of the company's stock traded hands, compared to its average volume of 1,358,618. The business has a 50-day moving average price of $42.08 and a two-hundred day moving average price of $46.40. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The company has a market capitalization of $2.89 billion, a P/E ratio of 7.97 and a beta of 1.16.

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, topping 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 company had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. Equities research analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup decreased their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. StockNews.com upgraded Valaris to a "sell" rating in a report on Thursday, February 20th. Susquehanna cut their price objective on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research note on Friday, December 6th. They set an "underweight" rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $54.33.

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.