Signaturefd LLC Boosts Stake in Valaris Limited (NYSE:VAL)

Signaturefd LLC lifted its holdings in shares of Valaris Limited (NYSE:VAL) by 395.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,475 shares of the company’s stock after buying an additional 1,177 shares during the period. Signaturefd LLC’s holdings in Valaris were worth $65,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VAL. ANTIPODES PARTNERS Ltd bought a new stake in shares of Valaris in the fourth quarter worth approximately $281,000. Swiss National Bank grew its position in Valaris by 1.1% in the 4th quarter. Swiss National Bank now owns 128,700 shares of the company’s stock worth $5,694,000 after purchasing an additional 1,400 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Valaris by 11.9% during the 4th quarter. HighTower Advisors LLC now owns 11,742 shares of the company’s stock valued at $519,000 after buying an additional 1,252 shares during the period. River Road Asset Management LLC lifted its holdings in shares of Valaris by 178.9% during the 4th quarter. River Road Asset Management LLC now owns 409,196 shares of the company’s stock valued at $18,103,000 after buying an additional 262,468 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in shares of Valaris by 106.2% in the 4th quarter. Edgestream Partners L.P. now owns 121,524 shares of the company’s stock worth $5,376,000 after buying an additional 62,603 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VAL has been the topic of a number of recent research reports. StockNews.com raised Valaris to a “sell” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 target price for the company. Barclays decreased their price target on shares of Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Susquehanna cut their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Finally, Citigroup decreased their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.33.

Valaris Stock Up 1.1 %

VAL opened at $40.08 on Tuesday. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 7.80 and a beta of 1.16. The firm’s fifty day moving average is $42.95 and its 200 day moving average is $46.93.

Valaris (NYSE:VAL) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. The firm had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. On average, sell-side analysts forecast 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.