Investment House LLC Purchases Shares of 10,000 Valaris Limited (NYSE:VAL)

Investment House LLC acquired a new position in Valaris Limited (NYSE:VAL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,000 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp grew its position in Valaris by 120.1% during the 3rd quarter. Fifth Third Bancorp now owns 394 shares of the company’s stock worth $30,000 after acquiring an additional 215 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Valaris during the third quarter valued at approximately $37,000. Covestor Ltd grew its holdings in shares of Valaris by 184.0% in the third quarter. Covestor Ltd now owns 693 shares of the company’s stock worth $52,000 after purchasing an additional 449 shares during the last quarter. Assetmark Inc. bought a new position in shares of Valaris in the third quarter worth approximately $70,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Valaris by 34.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,578 shares of the company’s stock worth $118,000 after buying an additional 400 shares during the period. Institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 0.2 %

Shares of VAL opened at $69.08 on Tuesday. Valaris Limited has a 1-year low of $54.13 and a 1-year high of $78.92. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm’s 50-day moving average price is $69.78 and its 200-day moving average price is $68.00. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 5.91 and a beta of 1.13.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.32. Valaris had a return on equity of 5.71% and a net margin of 48.50%. The business had revenue of $483.80 million for the quarter, compared to analysts’ expectations of $484.00 million. Sell-side analysts anticipate that Valaris Limited will post 4.75 EPS for the current year.

Analyst Ratings Changes

VAL has been the subject of several analyst reports. Evercore ISI dropped their price target on shares of Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. StockNews.com upgraded shares of Valaris to a “sell” rating in a report on Friday. Barclays reduced their price target on Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, March 5th. Finally, TheStreet upgraded Valaris from a “c” rating to a “b-” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, Valaris currently has an average rating of “Moderate Buy” and an average price target of $100.00.

Valaris Company 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.