Valaris Limited (NYSE:VAL) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in Valaris Limited (NYSE:VAL) by 19.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,139 shares of the company’s stock after buying an additional 2,444 shares during the period. Russell Investments Group Ltd.’s holdings in Valaris were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lingotto Investment Management LLP boosted its holdings in shares of Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock worth $160,910,000 after purchasing an additional 87,420 shares during the last quarter. Aigen Investment Management LP purchased a new position in Valaris during the fourth quarter worth approximately $611,000. Hosking Partners LLP lifted its position in Valaris by 33.6% during the fourth quarter. Hosking Partners LLP now owns 341,842 shares of the company’s stock worth $15,123,000 after buying an additional 85,891 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company’s stock worth $33,451,000 after buying an additional 85,250 shares during the last quarter. Finally, Tejara Capital Ltd grew its holdings in Valaris by 93.0% in the 4th quarter. Tejara Capital Ltd now owns 112,405 shares of the company’s stock valued at $4,973,000 after buying an additional 54,173 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Up 1.0 %

Valaris stock opened at $31.27 on Wednesday. The company has a market capitalization of $2.22 billion, a PE ratio of 6.08 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The firm has a 50 day moving average price of $36.54 and a 200 day moving average price of $43.60.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The business had revenue of $584.40 million during the quarter, compared to analysts’ expectations of $578.01 million. Research analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

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