Valaris Limited (NYSE:VAL) Shares Bought by Raymond James & Associates

Raymond James & Associates increased its holdings in Valaris Limited (NYSE:VAL) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,353 shares of the company’s stock after buying an additional 1,026 shares during the period. Raymond James & Associates’ holdings in Valaris were worth $2,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hosking Partners LLP boosted its holdings in shares of Valaris by 13.0% in the 3rd quarter. Hosking Partners LLP now owns 255,275 shares of the company’s stock valued at $19,141,000 after buying an additional 29,336 shares during the period. Tudor Investment Corp Et Al boosted its holdings in shares of Valaris by 567.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company’s stock valued at $5,883,000 after buying an additional 66,700 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Valaris by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock valued at $127,792,000 after buying an additional 172,780 shares during the period. SCP Investment LP acquired a new position in shares of Valaris in the 3rd quarter valued at about $570,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Valaris by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,816,177 shares of the company’s stock valued at $136,177,000 after buying an additional 120,550 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays cut their price objective on shares of Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 5th. StockNews.com upgraded shares of Valaris to a “sell” rating in a research report on Friday, March 15th. TheStreet upgraded shares of Valaris from a “c” rating to a “b-” rating in a research report on Thursday, February 22nd. Finally, Evercore ISI cut their price objective on shares of Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Valaris Stock Down 1.4 %

VAL stock opened at $69.82 on Tuesday. Valaris Limited has a 52 week low of $54.13 and a 52 week high of $78.92. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 5.97 and a beta of 1.13. The firm’s 50-day moving average is $68.98 and its two-hundred day moving average is $68.27. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.54.

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

Valaris Company 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.