Valaris Limited (NYSE:VAL) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 77.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,376 shares of the company's stock after buying an additional 7,128 shares during the period. 180 Wealth Advisors LLC's holdings in Valaris were worth $643,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted 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 worth $101,771,000 after acquiring an additional 821,304 shares during the period. Norges Bank purchased a new position in Valaris in the 4th quarter worth approximately $31,949,000. Condire Management LP boosted its stake in Valaris by 34.1% in 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 during the period. Renaissance Technologies LLC purchased a new stake in Valaris during the 4th quarter valued at approximately $21,747,000. Finally, AQR Capital Management LLC raised its position in shares of Valaris by 942.1% during the fourth quarter. AQR Capital Management LLC now owns 381,463 shares of the company's stock valued at $16,502,000 after buying an additional 344,857 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Valaris Trading Up 4.8%

VAL traded up $1.85 on Tuesday, hitting $40.52. The company had a trading volume of 1,660,204 shares, compared to its average volume of 1,567,773. 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 firm has a market cap of $2.88 billion, a P/E ratio of 7.88 and a beta of 1.09. The company's fifty day moving average price is $35.14 and its 200 day moving average price is $40.64. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last released its 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). 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 revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

VAL has been the subject of a number of research reports. Wall Street Zen raised Valaris to a "sell" rating in a research note on Tuesday, May 13th. Citigroup cut their target price on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Evercore ISI decreased their price target 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. Barclays increased their price objective on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.