Valaris Limited (NYSE:VAL) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC boosted its position in Valaris Limited (NYSE:VAL - Free Report) by 942.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,463 shares of the company's stock after purchasing an additional 344,857 shares during the period. AQR Capital Management LLC owned about 0.54% of Valaris worth $16,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Quarry LP raised its stake in shares of Valaris by 51.7% during the 4th quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after buying an additional 233 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after acquiring an additional 622 shares during the period. Signaturefd LLC boosted its position in shares of Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Valaris by 326.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after purchasing an additional 1,435 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Valaris Trading Up 2.3 %

Valaris stock traded up $0.85 during trading on Friday, reaching $38.32. The company had a trading volume of 1,294,405 shares, compared to its average volume of 1,989,580. 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 firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 7.46 and a beta of 1.09. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20. The stock's 50 day moving average price is $35.09 and its two-hundred day moving average price is $42.17.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Barclays lifted their price target on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday. Citigroup dropped their target price on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Susquehanna dropped 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. Finally, StockNews.com raised Valaris to a "sell" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat, Valaris presently has an average rating of "Hold" and a consensus price target of $49.17.

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.