Vanguard Personalized Indexing Management LLC Grows Stake in Valaris Limited $VAL

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Valaris Limited (NYSE:VAL) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,631 shares of the company’s stock after purchasing an additional 1,301 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Valaris were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VAL. Fifth Third Bancorp boosted its stake in Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after buying an additional 360 shares during the last quarter. Signaturefd LLC boosted its stake in Valaris by 45.4% during the second quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 buying an additional 1,233 shares during the last quarter. Bayforest Capital Ltd boosted its stake in Valaris by 17.2% during the first quarter. Bayforest Capital Ltd now owns 1,920 shares of the company’s stock valued at $75,000 after buying an additional 282 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Valaris by 73.4% during the first quarter. Covestor Ltd now owns 3,313 shares of the company’s stock valued at $130,000 after buying an additional 1,402 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. SEB Equity Research set a $45.50 target price on Valaris in a report on Monday, September 1st. Susquehanna lifted their target price on Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Capital One Financial set a $55.00 price target on Valaris in a research note on Monday, September 15th. Barclays lifted their target price on Valaris from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Citigroup lifted their target price on Valaris from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $48.69.

Valaris Stock Performance

NYSE:VAL opened at $49.50 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a 50-day moving average of $49.71 and a two-hundred day moving average of $43.98. The stock has a market cap of $3.53 billion, a P/E ratio of 12.89 and a beta of 1.15. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $53.98.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 11.18% and a return on equity of 12.36%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 EPS. On average, research analysts expect that Valaris Limited will post 3.96 earnings per share for the current fiscal 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.