Centiva Capital LP Decreases Position in Valaris Limited (NYSE:VAL)

Centiva Capital LP cut its holdings in Valaris Limited (NYSE:VAL - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,496 shares of the company's stock after selling 7,186 shares during the quarter. Centiva Capital LP's holdings in Valaris were worth $420,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Valaris by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock worth $285,532,000 after purchasing an additional 23,509 shares during the last quarter. Lingotto Investment Management LLP raised its holdings in shares of Valaris by 2.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after acquiring an additional 87,420 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Valaris by 55.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock worth $101,771,000 after acquiring an additional 821,304 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Valaris by 12.1% in the fourth quarter. Northern Trust Corp now owns 818,461 shares of the company's stock worth $36,209,000 after acquiring an additional 88,160 shares during the last quarter. Finally, Waverton Investment Management Ltd raised its holdings in shares of Valaris by 12.7% in the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock worth $33,451,000 after acquiring an additional 85,250 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Trading Down 1.2%

Shares of NYSE:VAL traded down $0.45 during trading on Friday, reaching $38.65. 613,455 shares of the stock were exchanged, compared to its average volume of 1,537,930. 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 Limited has a 12-month low of $27.15 and a 12-month high of $84.20. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 7.52 and a beta of 1.09. The firm's 50-day moving average price is $35.47 and its 200 day moving average price is $41.79.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. 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 cut their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Evercore ISI cut their price target on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. StockNews.com raised Valaris to a "sell" rating in a research report on Tuesday. Finally, Barclays lifted their price objective on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Two equities 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 currently has a consensus rating of "Hold" and an average 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.