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

X Square Capital LLC lifted its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 69.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,063 shares of the company's stock after buying an additional 10,693 shares during the quarter. X Square Capital LLC's holdings in Valaris were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in Valaris during the 3rd quarter worth $25,000. Signaturefd LLC lifted its position in shares of Valaris by 395.0% during 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 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 in the last quarter. KBC Group NV increased its holdings in 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 during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Valaris during the fourth quarter valued at approximately $176,000. Institutional investors own 96.74% of the company's stock.

Valaris Stock Performance

Shares of VAL traded down $0.15 during midday trading on Monday, hitting $39.32. 772,640 shares of the stock traded hands, compared to its average volume of 1,840,907. 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 Limited has a 1-year low of $31.15 and a 1-year high of $84.20. The business's 50 day moving average price is $42.25 and its two-hundred day moving average price is $46.50. The firm has a market capitalization of $2.79 billion, a PE ratio of 7.65 and a beta of 1.16.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VAL. StockNews.com upgraded Valaris to a "sell" rating in a report on Thursday, February 20th. Citigroup decreased their price objective 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 dropped their target price 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 lowered shares of Valaris from an "outperform" rating to an "in-line" rating and decreased their price target for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Valaris in a research note on Friday, December 6th. They set an "underweight" rating and a $40.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, Valaris presently has an average rating of "Hold" and an average price target of $54.33.

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.