Nations Financial Group Inc. IA ADV Purchases Shares of 24,117 Valaris Limited (NYSE:VAL)

Nations Financial Group Inc. IA ADV purchased a new stake in shares of Valaris Limited (NYSE:VAL) during the 3rd quarter, HoldingsChannel reports. The fund purchased 24,117 shares of the company’s stock, valued at approximately $1,345,000.

Several other institutional investors have also modified their holdings of VAL. EverSource Wealth Advisors LLC lifted its position in shares of Valaris by 180.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 235 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Valaris in the 1st quarter worth $149,000. Choreo LLC acquired a new stake in shares of Valaris during the second quarter worth $204,000. Evergreen Capital Management LLC purchased a new stake in shares of Valaris during the second quarter valued at $204,000. Finally, Scientech Research LLC acquired a new position in shares of Valaris in the 2nd quarter valued at $211,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on VAL shares. Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Pickering Energy Partners cut shares of Valaris from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 16th. Citigroup reduced their target price on Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Barclays decreased their target price on Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Susquehanna dropped their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $80.00.

Valaris Trading Down 1.6 %

NYSE VAL opened at $50.39 on Wednesday. The company has a market capitalization of $3.58 billion, a PE ratio of 3.46 and a beta of 1.17. Valaris Limited has a 1-year low of $48.04 and a 1-year high of $84.20. 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 firm’s fifty day simple moving average is $53.23 and its 200-day simple moving average is $65.04.

Insiders Place Their Bets

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

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.