2 weeks Ago By Defense World Staff
Bank of Montreal Can lowered its stake in Valaris Limited ( NYSE:VAL – Free Report ) by 22.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,215 shares of the company’s stock after selling 2,046 shares during the quarter.
Bank of Montreal Can’s holdings in Valaris were worth $319,000 as of its most recent filing with the SEC. Other hedge funds also recently bought and sold shares of the company. Lingotto Investment Management LLP grew its holdings in shares of Valaris by 2.
5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock worth $160,910,000 after buying an additional 87,420 shares in the last quarter. Aigen Investment Management LP purchased a new position in Valaris during the fourth quarter worth about $611,000.
Hosking Partners LLP lifted its holdings in shares of Valaris by 33.6% during the 4th quarter. Hosking Partners LLP now owns 341,842 shares of the company’s stock worth $15,123,000 after acquiring an additional 85,891 shares during the period.
Waverton Investment Management Ltd increased its position in Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company’s stock worth $33,451,000 after purchasing an additional 85,250 shares during the last quarter.
Finally, Vanguard Group Inc. grew its stake in shares of Valaris by 0.4% during the 4th quarter.
Vanguard Group Inc. now owns 6,454,159 shares of the company’s stock valued at $285,532,000 after buying an additional 23,509 shares during the period. Hedge funds and other institutional investors own 96.
74% of the company’s stock. Analysts Set New Price Targets A number of analysts recently issued reports on VAL shares. StockNews.
com raised shares of Valaris to a “sell” rating in a research report on Thursday, February 20th. Susquehanna lowered their price objective on shares of Valaris from $47.00 to $34.
00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Barclays cut their target price on Valaris from $46.00 to $35.
00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and cut their target price for the company from $87.00 to $59.
00 in a research note on Wednesday, January 15th. Finally, Citigroup reduced their target price on Valaris from $48.00 to $44.
00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Valaris presently has a consensus rating of “Hold” and an average price target of $50.
33. Valaris Stock Performance Shares of NYSE VAL opened at $30.90 on Thursday.
The stock has a market capitalization of $2.19 billion, a P/E ratio of 6.01 and a beta of 1.
06. The firm’s 50-day moving average price is $36.27 and its two-hundred day moving average price is $43.
51. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $84.
20. The company has a quick ratio of 1.61, a current ratio of 1.
59 and a debt-to-equity ratio of 0.48. Valaris ( NYSE:VAL – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 19th.
The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.
68. The business had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.
01 million. Valaris had a return on equity of 17.40% and a net margin of 15.
81%. As a group, sell-side analysts forecast that Valaris Limited will post 3.96 earnings per share for the current 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.
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