Valaris Limited (NYSE:VAL) Shares Sold by Centiva Capital LP

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Valaris by 0.4% during the 4th 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 period. Lingotto Investment Management LLP boosted its position in shares of Valaris by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after buying an additional 87,420 shares during the period. Dimensional Fund Advisors LP grew its stake 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 valued at $101,771,000 after buying an additional 821,304 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Valaris by 12.1% in the 4th quarter. Northern Trust Corp now owns 818,461 shares of the company's stock valued at $36,209,000 after buying an additional 88,160 shares during the period. Finally, Waverton Investment Management Ltd lifted its stake in Valaris by 12.7% during the 4th 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 in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Down 2.3%

VAL stock traded down $0.92 during trading on Tuesday, hitting $38.91. 1,706,799 shares of the company's stock were exchanged, compared to its average volume of 1,535,158. The business has a 50-day moving average price of $35.38 and a two-hundred day moving average price of $41.88. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 7.57 and a beta of 1.09. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.40% and a net margin of 15.81%. The company had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. Valaris's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Valaris Limited will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

VAL has been the topic of a number of recent research reports. Citigroup cut their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Barclays upped their price target on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. StockNews.com raised Valaris to a "sell" rating in a research report on Thursday, February 20th. Evercore ISI cut their target price on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Finally, Susquehanna decreased their price target 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. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company 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.