Valaris Limited (NYSE:VAL) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its position in shares of Valaris Limited (NYSE:VAL) by 101.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,322 shares of the company’s stock after acquiring an additional 10,737 shares during the period. LPL Financial LLC’s holdings in Valaris were worth $943,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Valaris in the 4th quarter worth approximately $571,000. American Century Companies Inc. boosted its holdings in Valaris by 3.5% during the fourth quarter. American Century Companies Inc. now owns 33,474 shares of the company’s stock worth $1,481,000 after buying an additional 1,117 shares in the last quarter. Privium Fund Management B.V. grew its position in Valaris by 86.3% in the fourth quarter. Privium Fund Management B.V. now owns 14,182 shares of the company’s stock worth $627,000 after buying an additional 6,571 shares during the last quarter. Packer & Co Ltd bought a new position in shares of Valaris in the fourth quarter valued at $8,981,000. Finally, Xponance Inc. lifted its position in shares of Valaris by 5.5% during the 4th quarter. Xponance Inc. now owns 9,273 shares of the company’s stock valued at $410,000 after acquiring an additional 487 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VAL. 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. Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. StockNews.com raised shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Barclays decreased their target price on shares of Valaris from $46.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Finally, Susquehanna cut their price target on shares of Valaris from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.33.

Valaris Trading Up 6.0 %

NYSE:VAL opened at $31.90 on Monday. The stock’s 50-day moving average is $37.13 and its two-hundred day moving average is $43.86. The stock has a market cap of $2.27 billion, a PE ratio of 6.21 and a beta of 1.06. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.68. The business 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%. As a group, equities research analysts forecast that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

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.