Valaris Limited $VAL Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC raised its holdings in Valaris Limited (NYSE:VAL) by 28.9% during the second quarter, HoldingsChannel reports. The firm owned 19,897 shares of the company’s stock after buying an additional 4,456 shares during the period. Mutual Advisors LLC’s holdings in Valaris were worth $838,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of VAL. GAMMA Investing LLC increased its stake in Valaris by 1,027.5% in the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock valued at $53,000 after purchasing an additional 1,233 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Valaris by 173.1% in the first quarter. SG Americas Securities LLC now owns 10,507 shares of the company’s stock valued at $413,000 after acquiring an additional 6,660 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Valaris by 575.6% in the first quarter. Exchange Traded Concepts LLC now owns 17,911 shares of the company’s stock valued at $703,000 after acquiring an additional 15,260 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Valaris in the first quarter valued at about $1,411,000. Finally, Spire Wealth Management boosted its holdings in shares of Valaris by 55.1% in the first quarter. Spire Wealth Management now owns 6,525 shares of the company’s stock valued at $256,000 after acquiring an additional 2,319 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VAL has been the topic of several analyst reports. Barclays lifted their target price on shares of Valaris from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a report on Wednesday, October 8th. Citigroup lifted their target price on shares of Valaris from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. SEB Equity Research set a $45.50 target price on shares of Valaris in a report on Monday, September 1st. Finally, Fearnley Fonds downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $48.69.

Valaris Stock Up 0.3%

VAL stock opened at $48.28 on Friday. The company has a market cap of $3.44 billion, a P/E ratio of 12.57 and a beta of 1.15. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $53.98. The company’s 50-day moving average price is $49.57 and its 200 day moving average price is $43.71. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46.

Valaris (NYSE:VAL) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.45. The firm had revenue of $615.20 million for the quarter, compared to the consensus estimate of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.03 earnings per share. 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.