Valaris Limited $VAL Shares Bought by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lifted its position in Valaris Limited (NYSE:VAL) by 66.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,282 shares of the company’s stock after acquiring an additional 10,906 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Valaris were worth $1,149,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Blume Capital Management Inc. grew its position in shares of Valaris by 56.5% in the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of Valaris by 17.2% in the 1st quarter. Bayforest Capital Ltd now owns 1,920 shares of the company’s stock worth $75,000 after purchasing an additional 282 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Valaris by 45.4% in the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Valaris by 77.9% in the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock worth $35,000 after purchasing an additional 360 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Valaris by 4.8% in the 2nd quarter. Moody National Bank Trust Division now owns 9,645 shares of the company’s stock worth $406,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Up 0.7%

Shares of Valaris stock opened at $56.73 on Friday. The business’s fifty day moving average price is $50.13 and its two-hundred day moving average price is $44.35. 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 company has a market capitalization of $4.04 billion, a P/E ratio of 14.77 and a beta of 1.15. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $58.14.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.45. Valaris had a return on equity of 12.36% and a net margin of 11.18%.The firm had revenue of $615.20 million for the quarter, compared to the consensus estimate of $582.70 million. During the same quarter in the previous year, the business earned $2.03 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays raised their price target on Valaris from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. BTIG Research reissued a “buy” rating on shares of Valaris in a report on Monday, July 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Friday. SEB Equity Research set a $45.50 price target on Valaris in a report on Monday, September 1st. Finally, Fearnley Fonds downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target 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.