Deutsche Bank AG Has $9.17 Million Stock Position in Valaris Limited (NYSE:VAL)

Deutsche Bank AG increased its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 94.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,291 shares of the company's stock after acquiring an additional 100,812 shares during the quarter. Deutsche Bank AG owned about 0.29% of Valaris worth $9,171,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 in the last quarter. Lingotto Investment Management LLP lifted its holdings in shares of Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after purchasing an additional 87,420 shares in the last quarter. Condire Management LP increased its stake in Valaris by 34.1% during the 4th quarter. Condire Management LP now owns 2,618,678 shares of the company's stock worth $115,850,000 after purchasing an additional 665,718 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 in the last quarter. Finally, Northern Trust Corp raised its holdings in Valaris by 12.1% during the 4th quarter. Northern Trust Corp now owns 818,461 shares of the company's stock worth $36,209,000 after buying an additional 88,160 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VAL shares. Susquehanna cut their price objective on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Evercore ISI decreased their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Citigroup reduced their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Barclays lifted their price objective on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Wall Street Zen raised shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, Valaris presently has a consensus rating of "Hold" and a consensus price target of $49.17.

Valaris Stock Down 1.8%

VAL traded down $0.66 during trading on Thursday, reaching $35.72. 238,584 shares of the stock were exchanged, compared to its average volume of 1,546,712. The stock has a market cap of $2.54 billion, a P/E ratio of 6.93 and a beta of 1.09. The stock's 50 day moving average price is $35.48 and its two-hundred day moving average price is $41.47. Valaris Limited has a twelve month low of $27.15 and a twelve 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.

Valaris (NYSE:VAL - Get Free Report) last posted 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 business had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts expect that Valaris Limited will post 3.96 EPS for the current year.

Valaris Company 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.