Russell Investments Group Ltd. Sells 3,596 Shares of Valaris Limited $VAL

Russell Investments Group Ltd. decreased its holdings in shares of Valaris Limited (NYSE:VAL) by 23.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,543 shares of the company’s stock after selling 3,596 shares during the period. Russell Investments Group Ltd.’s holdings in Valaris were worth $453,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Valaris by 1,027.5% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock valued at $53,000 after purchasing an additional 1,233 shares in the last quarter. South Dakota Investment Council increased its stake in shares of Valaris by 33.1% during the first quarter. South Dakota Investment Council now owns 47,456 shares of the company’s stock valued at $1,863,000 after purchasing an additional 11,800 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Valaris during the fourth quarter valued at approximately $875,000. Deutsche Bank AG increased its stake in shares of Valaris by 94.7% during the fourth quarter. Deutsche Bank AG now owns 207,291 shares of the company’s stock valued at $9,171,000 after purchasing an additional 100,812 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Valaris by 14.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,399 shares of the company’s stock valued at $6,344,000 after purchasing an additional 18,107 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Trading Up 1.2%

Shares of VAL stock opened at $49.72 on Monday. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $61.60. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $47.01 and its 200 day moving average is $40.93. The stock has a market capitalization of $3.54 billion, a P/E ratio of 12.95 and a beta of 1.17.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.45. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The company had revenue of $615.20 million for the quarter, compared to analysts’ expectations of $582.70 million. During the same quarter last year, the company posted $2.03 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Research analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of Valaris from $46.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. BTIG Research reissued a “buy” rating on shares of Valaris in a research report on Monday, July 14th. Citigroup reissued a “neutral” rating and set a $50.00 price target (up previously from $47.00) on shares of Valaris in a research report on Thursday, July 10th. Fearnley Fonds downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Barclays raised their price target on shares of Valaris from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.20.

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.