Valaris Limited (NYSE:VAL) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Valaris Limited (NYSE:VAL) by 101.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,322 shares of the company’s stock after acquiring an additional 10,737 shares during the quarter. LPL Financial LLC’s holdings in Valaris were worth $943,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VAL. Signaturefd LLC lifted its position in shares of Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock worth $65,000 after purchasing an additional 1,177 shares during the last quarter. Blue Trust Inc. lifted its holdings in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after buying an additional 511 shares during the last quarter. KBC Group NV grew its position in shares of Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after acquiring an additional 1,135 shares in the last quarter. Spire Wealth Management grew its position in shares of Valaris by 24.3% in the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after acquiring an additional 821 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Valaris in the 4th quarter valued at approximately $243,000. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Price Performance

Shares of NYSE:VAL opened at $31.90 on Monday. The firm’s 50 day moving average is $37.13 and its two-hundred day moving average is $43.86. The firm has a market capitalization of $2.27 billion, a P/E ratio of 6.21 and a beta of 1.06. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $84.20.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm had revenue of $584.40 million for the quarter, compared to analysts’ expectations of $578.01 million. Analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on VAL. Susquehanna decreased their price objective on shares of Valaris from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Citigroup dropped their price objective on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. StockNews.com upgraded Valaris to a “sell” rating in a research note on Thursday, February 20th. Finally, Barclays dropped their price target on Valaris from $46.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.33.

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.