Crestline Management LP Purchases 11,893 Shares of Valaris Limited (NYSE:VAL)

Crestline Management LP lifted its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 179.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,523 shares of the company's stock after buying an additional 11,893 shares during the quarter. Crestline Management LP's holdings in Valaris were worth $819,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Valaris by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock valued at $285,532,000 after buying an additional 23,509 shares during the last quarter. Lingotto Investment Management LLP raised its stake 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 purchasing an additional 87,420 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Valaris by 55.5% during the fourth 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. Northern Trust Corp raised its stake in shares of Valaris by 12.1% during the fourth quarter. Northern Trust Corp now owns 818,461 shares of the company's stock worth $36,209,000 after purchasing an additional 88,160 shares during the last quarter. Finally, Waverton Investment Management Ltd raised its stake in shares of Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock worth $33,451,000 after purchasing an additional 85,250 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Wall Street Analyst Weigh In

VAL has been the topic of a number of recent analyst reports. Citigroup dropped 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. StockNews.com raised Valaris to a "sell" rating in a report on Tuesday. Evercore ISI lowered their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Susquehanna lowered their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Barclays increased their price objective on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Valaris presently has an average rating of "Hold" and a consensus target price of $49.17.

Valaris Stock Down 1.2%

Shares of Valaris stock traded down $0.46 on Thursday, hitting $39.07. 479,583 shares of the company's stock traded hands, compared to its average volume of 1,535,930. The stock has a market cap of $2.78 billion, a P/E ratio of 7.61 and a beta of 1.09. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average is $35.42 and its 200 day moving average is $41.87. 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 issued its earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $582.87 million. The firm's revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

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.