Valaris Limited (NYSE:VAL) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in Valaris Limited (NYSE:VAL) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,800 shares of the company’s stock after purchasing an additional 600 shares during the period. New York State Teachers Retirement System’s holdings in Valaris were worth $2,386,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hosking Partners LLP lifted its holdings in shares of Valaris by 13.0% in the third quarter. Hosking Partners LLP now owns 255,275 shares of the company’s stock valued at $19,141,000 after purchasing an additional 29,336 shares in the last quarter. Tudor Investment Corp Et Al lifted its holdings in shares of Valaris by 567.3% in the third quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company’s stock valued at $5,883,000 after purchasing an additional 66,700 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Valaris by 11.3% in the third quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock valued at $127,792,000 after purchasing an additional 172,780 shares in the last quarter. SCP Investment LP purchased a new stake in shares of Valaris in the third quarter valued at $570,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Valaris by 7.1% in the third quarter. Vanguard Group Inc. now owns 1,816,177 shares of the company’s stock valued at $136,177,000 after purchasing an additional 120,550 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 1.4 %

Valaris stock opened at $69.82 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 5.97 and a beta of 1.13. Valaris Limited has a one year low of $54.13 and a one year high of $78.92. The company’s fifty day moving average price is $68.98 and its two-hundred day moving average price is $68.27.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.29 by $0.32. The firm had revenue of $483.80 million for the quarter, compared to the consensus estimate of $484.00 million. Valaris had a net margin of 48.50% and a return on equity of 5.71%. On average, analysts forecast that Valaris Limited will post 4.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VAL has been the subject of a number of research analyst reports. Evercore ISI reduced their target price on Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. Barclays dropped their price target on shares of Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 5th. TheStreet raised shares of Valaris from a “c” rating to a “b-” rating in a research note on Thursday, February 22nd. Finally, StockNews.com raised shares of Valaris to a “sell” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.00.

About Valaris

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.