Yousif Capital Management LLC Sells 358 Shares of Valaris Limited $VAL

Yousif Capital Management LLC lowered its holdings in Valaris Limited (NYSE:VAL) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,839 shares of the company’s stock after selling 358 shares during the period. Yousif Capital Management LLC’s holdings in Valaris were worth $920,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VAL. Fifth Third Bancorp boosted its holdings in Valaris by 77.9% in the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after purchasing an additional 360 shares during the period. Signaturefd LLC raised its position in shares of Valaris by 45.4% in the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Valaris by 1,027.5% during 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 period. Bayforest Capital Ltd lifted its holdings in shares of Valaris by 17.2% during 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 period. Finally, Covestor Ltd lifted its holdings in shares of Valaris by 73.4% during the 1st quarter. Covestor Ltd now owns 3,313 shares of the company’s stock worth $130,000 after acquiring an additional 1,402 shares during the period. Institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 1.2%

Shares of NYSE VAL opened at $48.36 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $53.98. The firm has a 50 day moving average price of $49.66 and a two-hundred day moving average price of $43.95. The stock has a market cap of $3.44 billion, a P/E ratio of 12.59 and a beta of 1.15.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $615.20 million during the quarter, compared to analysts’ expectations of $582.70 million. During the same period in the prior year, the company posted $2.03 EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, equities analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VAL shares. Capital One Financial set a $55.00 price target on shares of Valaris in a report on Monday, September 15th. Barclays upped their price target on shares of Valaris from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Zacks Research downgraded shares of Valaris from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Valaris from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $48.69.

About Valaris

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.