SG Americas Securities LLC Acquires Shares of 3,365 Valaris Limited (NYSE:VAL)

SG Americas Securities LLC acquired a new stake in shares of Valaris Limited (NYSE:VALGet Rating) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,365 shares of the company’s stock, valued at approximately $142,000.

A number of other hedge funds have also added to or reduced their stakes in VAL. PNC Financial Services Group Inc. purchased a new position in Valaris during the 1st quarter valued at $52,000. CI Investments Inc. increased its position in Valaris by 34.6% during the 1st quarter. CI Investments Inc. now owns 1,750 shares of the company’s stock valued at $91,000 after purchasing an additional 450 shares during the period. Spartan Fund Management Inc. purchased a new position in Valaris during the 2nd quarter valued at $106,000. Strs Ohio purchased a new position in Valaris during the 2nd quarter valued at $122,000. Finally, Russell Investments Group Ltd. purchased a new position in Valaris during the 2nd quarter valued at $180,000. 84.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Valaris in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock.

Insider Transactions at Valaris

In other news, VP Colleen Grable sold 3,109 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $47.57, for a total value of $147,895.13. Following the sale, the vice president now directly owns 15,869 shares of the company’s stock, valued at approximately $754,888.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Valaris Stock Up 6.1 %

NYSE:VAL opened at $67.75 on Monday. The firm’s 50-day moving average price is $57.04 and its 200-day moving average price is $52.70. The company has a market capitalization of $5.09 billion, a PE ratio of 29.20 and a beta of 1.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.59. Valaris Limited has a 1-year low of $29.46 and a 1-year high of $68.87.

Valaris Profile

(Get Rating)

Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia.

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Institutional Ownership by Quarter for Valaris (NYSE:VAL)

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