297,000 Shares in Valaris Limited (NYSE:VAL) Acquired by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP purchased a new position in Valaris Limited (NYSE:VAL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 297,000 shares of the company's stock, valued at approximately $13,139,000. Valaris comprises about 0.9% of Wolf Hill Capital Management LP's holdings, making the stock its 22nd largest holding. Wolf Hill Capital Management LP owned about 0.42% of Valaris at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Valaris by 1.3% in 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. boosted its stake in shares of Valaris by 5.5% in the 4th quarter. Xponance Inc. now owns 9,273 shares of the company's stock valued at $410,000 after purchasing an additional 487 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Valaris by 3.3% in the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $686,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Valaris by 41.0% in the 4th 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 boosted its stake in shares of Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company's stock valued at $85,000 after purchasing an additional 547 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Wall Street Analysts Forecast Growth

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

Valaris Trading Up 1.8 %

VAL stock traded up $0.58 during trading on Friday, reaching $32.96. The company had a trading volume of 974,845 shares, compared to its average volume of 1,484,694. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $84.20. The business has a 50 day moving average of $35.79 and a 200 day moving average of $43.07. The company has a market cap of $2.34 billion, a P/E ratio of 6.41 and a beta of 1.06.

Valaris (NYSE:VAL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.68. The firm had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. As a group, sell-side analysts forecast 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.