New York State Common Retirement Fund Sells 904 Shares of Valaris Limited (NYSE:VAL)

New York State Common Retirement Fund decreased its holdings in Valaris Limited (NYSE:VAL) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,700 shares of the company’s stock after selling 904 shares during the quarter. New York State Common Retirement Fund’s holdings in Valaris were worth $1,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in shares of Valaris by 120.1% in the third quarter. Fifth Third Bancorp now owns 394 shares of the company’s stock valued at $30,000 after purchasing an additional 215 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Valaris in the 3rd quarter valued at $37,000. Covestor Ltd raised its position in shares of Valaris by 184.0% during the third quarter. Covestor Ltd now owns 693 shares of the company’s stock worth $52,000 after acquiring an additional 449 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Valaris during the third quarter valued at $70,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Valaris by 34.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,578 shares of the company’s stock valued at $118,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com upgraded shares of Valaris to a “sell” rating in a research report on Friday, April 26th. TheStreet raised shares of Valaris from a “c” rating to a “b-” rating in a research note on Thursday, February 22nd. Barclays cut their price target on Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 5th. Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Valaris in a research note on Thursday, May 2nd. Finally, Evercore ISI reduced their target price on Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Valaris Stock Performance

Shares of Valaris stock opened at $74.59 on Friday. Valaris Limited has a 12 month low of $55.53 and a 12 month high of $78.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5.40 billion, a PE ratio of 6.53 and a beta of 1.20. The stock’s fifty day simple moving average is $70.17 and its 200 day simple moving average is $67.88.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). The business had revenue of $525.00 million during the quarter, compared to analyst estimates of $503.00 million. Valaris had a net margin of 44.93% and a return on equity of 3.81%. On average, research analysts predict that Valaris Limited will post 4.37 EPS for the current year.

Valaris 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.