180 Wealth Advisors LLC Has $643,000 Stock Holdings in Valaris Limited (NYSE:VAL)

180 Wealth Advisors LLC increased its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 77.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,376 shares of the company's stock after buying an additional 7,128 shares during the quarter. 180 Wealth Advisors LLC's holdings in Valaris were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VAL. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 821,304 shares during the last quarter. Norges Bank acquired a new position in Valaris during the 4th quarter valued at about $31,949,000. Condire Management LP boosted 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 valued at $115,850,000 after purchasing an additional 665,718 shares during the period. Renaissance Technologies LLC bought a new position in Valaris in the 4th quarter worth about $21,747,000. Finally, AQR Capital Management LLC increased its stake in shares of Valaris by 942.1% in the fourth quarter. AQR Capital Management LLC now owns 381,463 shares of the company's stock valued at $16,502,000 after purchasing an additional 344,857 shares during the period. 96.74% of the stock is currently owned by institutional investors.

Valaris Price Performance

Shares of VAL stock traded down $0.47 during mid-day trading on Thursday, hitting $39.43. 1,670,498 shares of the stock traded hands, compared to its average volume of 1,574,543. The company's 50-day simple moving average is $35.16 and its 200-day simple moving average is $40.58. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 7.67 and a beta of 1.13. 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 issued its earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $582.87 million. The business's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VAL shares. Susquehanna reduced their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wall Street Zen upgraded Valaris to a "sell" rating in a research report on Tuesday, May 13th. Evercore ISI decreased their price target on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. 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 research note on Monday, May 5th. Finally, Citigroup reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $49.17.

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.