6 days Ago By ABMN Staff
Mariner LLC grew its position in Valaris Limited ( NYSE:VAL – Free Report ) by 110.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,843 shares of the company’s stock after acquiring an additional 10,410 shares during the period.
Mariner LLC’s holdings in Valaris were worth $878,000 at the end of the most recent quarter. Several other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of Valaris by 518.
3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company’s stock valued at $33,000 after acquiring an additional 622 shares during the period. Signaturefd LLC grew its position in shares of Valaris by 395.
0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after acquiring an additional 1,177 shares during the period. Blue Trust Inc.
grew its position in shares of Valaris by 41.0% during 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 period. Quadrant Capital Group LLC grew its position in shares of Valaris by 326.9% during the 4th quarter.
Quadrant Capital Group LLC now owns 1,874 shares of the company’s stock valued at $83,000 after acquiring an additional 1,435 shares during the period. Finally, Covestor Ltd grew its position in shares of Valaris by 40.1% during the 4th quarter.
Covestor Ltd now owns 1,911 shares of the company’s stock valued at $85,000 after acquiring an additional 547 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of equities research analysts have recently commented on the company. StockNews.com upgraded Valaris to a “sell” rating in a research report on Thursday, February 20th.
Susquehanna lowered their price objective on Valaris from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, April 14th.
Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th.
Barclays lowered their price objective on Valaris from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th.
Finally, Citigroup lowered 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.
Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.
33. Valaris Trading Down 1.1 % VAL opened at $32.
61 on Tuesday. 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’s 50 day simple moving average is $35.
59 and its two-hundred day simple moving average is $42.93. Valaris Limited has a 1-year low of $27.
15 and a 1-year high of $84.20. The firm has a market capitalization of $2.
32 billion, a price-to-earnings ratio of 6.34 and a beta of 1.06.
Valaris ( NYSE:VAL – Get Free Report ) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.
20 by $0.68. The firm had revenue of $584.
40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a net margin of 15.
81% and a return on equity of 17.40%. Analysts expect that Valaris Limited will post 3.
96 EPS for the current fiscal year. Valaris Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding VAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valaris Limited ( NYSE:VAL – Free Report ).
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