Campbell & CO Investment Adviser LLC Purchases Shares of 37,395 Valaris Limited $VAL

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 37,395 shares of the company’s stock, valued at approximately $1,575,000. Campbell & CO Investment Adviser LLC owned about 0.05% of Valaris as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Blume Capital Management Inc. boosted its stake in Valaris by 56.5% during the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Valaris by 77.9% during the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock worth $35,000 after acquiring an additional 360 shares in the last quarter. Signaturefd LLC boosted its position in shares of Valaris by 45.4% during the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Valaris by 13,400.0% in the second quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Valaris in the second quarter worth $56,000. 96.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VAL shares. Clarkson Capital cut shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price objective for the company. in a research note on Tuesday, September 2nd. Fearnley Fonds cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. BTIG Research lifted their price target on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citigroup boosted their price objective on Valaris from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, Zacks Research raised Valaris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.72.

Valaris Stock Up 3.9%

Shares of NYSE:VAL opened at $58.15 on Wednesday. The firm has a market capitalization of $4.05 billion, a PE ratio of 10.37 and a beta of 1.16. The business has a 50 day simple moving average of $52.04 and a two-hundred day simple moving average of $46.70. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $58.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.87 and a quick ratio of 1.87.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $1.65. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The firm had revenue of $595.70 million during the quarter, compared to analyst estimates of $568.41 million. Valaris’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts predict that Valaris Limited will post 3.96 EPS for the current 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.