Capstone Investment Advisors LLC Makes New $2.94 Million Investment in Valaris Limited (NYSE:VAL)

Capstone Investment Advisors LLC acquired a new stake in shares of 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 acquired 66,484 shares of the company's stock, valued at approximately $2,941,000. Capstone Investment Advisors LLC owned about 0.09% of Valaris as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Valaris by 55.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock worth $101,771,000 after purchasing an additional 821,304 shares during the last quarter. Norges Bank acquired a new position in shares of Valaris during the fourth quarter worth approximately $31,949,000. Renaissance Technologies LLC bought a new stake in shares of Valaris in the fourth quarter valued at approximately $21,747,000. AQR Capital Management LLC grew its stake in shares of Valaris by 942.1% in the fourth quarter. AQR Capital Management LLC now owns 381,463 shares of the company's stock worth $16,502,000 after acquiring an additional 344,857 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new position in Valaris during the fourth quarter worth $13,139,000. 96.74% of the stock is owned by institutional investors.

Valaris Price Performance

Shares of NYSE VAL traded down $0.45 during midday trading on Wednesday, reaching $36.26. 1,031,476 shares of the company traded hands, compared to its average volume of 1,519,599. 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. The stock's 50-day simple moving average is $35.00 and its 200-day simple moving average is $42.27. The firm has a market cap of $2.58 billion, a PE ratio of 7.05 and a beta of 1.09.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). The firm had revenue of $620.70 million during the quarter, compared to analyst estimates of $582.87 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The business's revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on VAL shares. StockNews.com upgraded shares of Valaris to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI lowered their price target on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Susquehanna cut their price target on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Citigroup decreased their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Barclays raised their target price on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $49.17.

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.