SG Americas Securities LLC Increases Stock Position in Valaris Limited (NYSE:VAL)

SG Americas Securities LLC lifted its holdings in Valaris Limited (NYSE:VAL) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,112 shares of the company’s stock after buying an additional 346 shares during the quarter. SG Americas Securities LLC’s holdings in Valaris were worth $145,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Valaris by 3.5% in the second quarter. BlackRock Inc. now owns 6,878,165 shares of the company’s stock worth $432,843,000 after purchasing an additional 234,977 shares during the period. FMR LLC increased its position in Valaris by 31.8% during the 3rd quarter. FMR LLC now owns 3,812,867 shares of the company’s stock valued at $285,889,000 after buying an additional 919,123 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Valaris by 8.7% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,499,355 shares of the company’s stock valued at $187,402,000 after buying an additional 199,662 shares during the last quarter. State Street Corp boosted its holdings in Valaris by 64.6% in the first quarter. State Street Corp now owns 2,209,606 shares of the company’s stock worth $143,757,000 after acquiring an additional 867,097 shares in the last quarter. Finally, Exor Capital LLP grew its stake in shares of Valaris by 1.7% in the fourth quarter. Exor Capital LLP now owns 2,056,838 shares of the company’s stock worth $101,131,000 after acquiring an additional 35,305 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Valaris Trading Down 0.8 %

Shares of VAL stock opened at $69.31 on Wednesday. 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 Limited has a 12-month low of $54.13 and a 12-month high of $78.92. The stock has a market capitalization of $5.02 billion, a P/E ratio of 5.93 and a beta of 1.13. The firm’s 50 day moving average is $69.12 and its 200 day moving average is $68.23.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 5.71% and a net margin of 48.50%. Research analysts expect that Valaris Limited will post 4.75 earnings per share for the current 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.