162,377 Shares in Valaris Limited $VAL Purchased by Nuveen LLC

Nuveen LLC acquired a new position in shares of Valaris Limited (NYSE:VAL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 162,377 shares of the company’s stock, valued at approximately $6,375,000. Nuveen LLC owned approximately 0.23% of Valaris as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Lowe Wealth Advisors LLC bought a new position in Valaris in the 1st quarter worth about $28,000. Quarry LP increased its stake in Valaris by 51.7% in the 4th quarter. Quarry LP now owns 684 shares of the company’s stock worth $30,000 after acquiring an additional 233 shares during the last quarter. UMB Bank n.a. bought a new position in Valaris in the 1st quarter worth about $44,000. GAMMA Investing LLC increased its stake in Valaris by 1,027.5% in the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock worth $53,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Bayforest Capital Ltd increased its stake in Valaris by 17.2% in the 1st quarter. Bayforest Capital Ltd now owns 1,920 shares of the company’s stock worth $75,000 after acquiring an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

VAL has been the topic of a number of research analyst reports. BTIG Research restated a “buy” rating on shares of Valaris in a research note on Monday, July 14th. Barclays upped their target price on Valaris from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Evercore ISI decreased their target price on Valaris from $55.00 to $50.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded Valaris to a “sell” rating in a research report on Tuesday, May 13th. Finally, Susquehanna increased their price objective on Valaris from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $46.20.

Valaris Trading Up 0.1%

Shares of VAL stock opened at $49.2010 on Tuesday. The stock has a market capitalization of $3.50 billion, a PE ratio of 12.81 and a beta of 1.17. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $65.68. The business has a 50-day moving average of $46.73 and a 200 day moving average of $40.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to analysts’ expectations of $582.70 million. Valaris had a return on equity of 12.36% and a net margin of 11.18%.Valaris’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. As a group, sell-side analysts anticipate that Valaris Limited will post 3.96 earnings per share 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.