1 week Ago By Defense World Staff
Orion Portfolio Solutions LLC grew its position in Valaris Limited ( NYSE:VAL – Free Report ) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,622 shares of the company’s stock after acquiring an additional 556 shares during the quarter.
Orion Portfolio Solutions LLC’s holdings in Valaris were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also modified their holdings of the company. Pictet Asset Management Holding SA increased its position in Valaris by 15.
7% in the fourth quarter. Pictet Asset Management Holding SA now owns 10,253 shares of the company’s stock worth $454,000 after purchasing an additional 1,393 shares during the last quarter. X Square Capital LLC increased its holdings in shares of Valaris by 69.
6% in the 4th quarter. X Square Capital LLC now owns 26,063 shares of the company’s stock worth $1,153,000 after buying an additional 10,693 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Valaris during the 4th quarter valued at about $176,000.
Norges Bank bought a new position in shares of Valaris in the 4th quarter valued at about $31,949,000. Finally, WINTON GROUP Ltd grew its position in Valaris by 28.9% in the fourth quarter.
WINTON GROUP Ltd now owns 25,103 shares of the company’s stock worth $1,111,000 after acquiring an additional 5,630 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of equities research analysts have issued reports on VAL shares. StockNews.com upgraded Valaris to a “sell” rating in a research report on Thursday, February 20th.
Citigroup lowered their price target on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th.
Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th.
Susquehanna lowered their target price on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, February 21st.
Finally, Barclays cut their price target on shares of Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th.
Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $54.33.
Valaris Trading Down 14.5 % VAL opened at $29.49 on Monday.
The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.
48. The stock’s fifty day moving average is $41.07 and its two-hundred day moving average is $45.
85. The company has a market capitalization of $2.09 billion, a P/E ratio of 5.
74 and a beta of 1.06. Valaris Limited has a 52 week low of $29.
40 and a 52 week high of $84.20. Valaris ( NYSE:VAL – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 19th.
The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.20 by $0.
68. Valaris had a return on equity of 17.40% and a net margin of 15.
81%. The firm had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.
01 million. Analysts forecast that Valaris Limited will post 3.96 earnings per share for the current year.
About Valaris ( Free Report ) 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.
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