10,925 Shares in Valaris Limited (NYSE:VAL) Acquired by Dauntless Investment Group LLC

Dauntless Investment Group LLC purchased a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,925 shares of the company's stock, valued at approximately $483,000. Valaris comprises about 0.5% of Dauntless Investment Group LLC's holdings, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in VAL. Arizona State Retirement System grew its position in shares of Valaris by 1.3% during the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock valued at $841,000 after purchasing an additional 237 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Valaris by 5.5% during the 4th quarter. Xponance Inc. now owns 9,273 shares of the company's stock worth $410,000 after acquiring an additional 487 shares during the last quarter. State of Michigan Retirement System increased its stake in Valaris by 3.3% in the fourth quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $686,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. raised its position in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after purchasing an additional 511 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Valaris by 40.1% during the fourth quarter. Covestor Ltd now owns 1,911 shares of the company's stock worth $85,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 96.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VAL. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and decreased their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. StockNews.com upgraded Valaris to a "sell" rating in a report on Thursday, February 20th. Susquehanna dropped their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Citigroup lowered their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Barclays cut their target price on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $50.33.

Valaris Trading Up 2.9 %

Shares of Valaris stock traded up $0.94 during midday trading on Tuesday, reaching $33.59. 909,506 shares of the company's stock traded hands, compared to its average volume of 1,483,465. The company has a market cap of $2.39 billion, a PE ratio of 6.54 and a beta of 1.06. The stock has a 50 day moving average of $35.59 and a 200-day moving average of $42.93. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

Valaris (NYSE:VAL - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.68. The firm had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. As a group, equities analysts expect that Valaris Limited will post 3.96 EPS 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.