Deutsche Bank AG lifted its stake in Valaris Limited (NYSE:VAL - Free Report) by 94.7% during the 4th quarter, according to the company in its most recent filing with the 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 0.29% of Valaris worth $9,171,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its holdings in 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. Arizona State Retirement System lifted its holdings in Valaris by 1.3% during the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock worth $841,000 after buying an additional 237 shares in the last quarter. Xponance Inc. lifted its holdings in Valaris by 5.5% during the 4th quarter. Xponance Inc. now owns 9,273 shares of the company's stock worth $410,000 after buying an additional 487 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Valaris by 3.3% during the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock worth $686,000 after buying an additional 500 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in 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 buying an additional 511 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on VAL shares. Evercore ISI reduced their target price on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. StockNews.com upgraded shares of Valaris to a "sell" rating in a report on Tuesday, May 13th. Susquehanna reduced their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup lowered 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. Finally, Barclays increased their price target on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Valaris has an average rating of "Hold" and a consensus price target of $49.17.
View Our Latest Research Report on Valaris
Valaris Stock Up 0.2%
NYSE:VAL traded up $0.08 during midday trading on Tuesday, hitting $37.42. 1,068,542 shares of the company were exchanged, compared to its average volume of 1,546,395. The company has a market capitalization of $2.66 billion, a PE ratio of 7.28 and a beta of 1.09. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The company has a fifty day simple moving average of $35.50 and a 200 day simple moving average of $41.53. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48.
Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.63). The firm had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.
Valaris Company Profile
(
Free Report)
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.
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