Valaris Limited $VAL Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its position in Valaris Limited (NYSE:VAL - Free Report) by 42.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,434 shares of the company's stock after selling 88,857 shares during the period. Deutsche Bank AG owned about 0.17% of Valaris worth $4,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VAL. Dimensional Fund Advisors LP increased 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 purchasing an additional 821,304 shares in the last quarter. Condire Management LP boosted its position in shares of Valaris by 34.1% during the fourth quarter. Condire Management LP now owns 2,618,678 shares of the company's stock worth $115,850,000 after acquiring an additional 665,718 shares during the last quarter. Waverton Investment Management Ltd boosted its position in shares of Valaris by 49.7% during the first quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company's stock worth $44,455,000 after acquiring an additional 375,466 shares during the last quarter. AQR Capital Management LLC boosted 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 worth $16,502,000 after acquiring an additional 344,857 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new position in shares of Valaris during the fourth quarter worth $13,139,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Performance

VAL stock traded down $1.6870 during trading on Tuesday, reaching $44.2830. The company had a trading volume of 1,748,542 shares, compared to its average volume of 1,390,402. The firm has a 50-day simple moving average of $46.63 and a 200-day simple moving average of $40.89. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 11.53 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $65.68.

Valaris (NYSE:VAL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to analysts' expectations of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. Valaris's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. As a group, sell-side analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

VAL has been the subject of a number of research reports. Wall Street Zen upgraded shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. Citigroup restated a "neutral" rating and issued a $50.00 target price (up previously from $47.00) on shares of Valaris in a report on Thursday, July 10th. Susquehanna raised their target price on shares of Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. BTIG Research restated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Finally, Fearnley Fonds lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Valaris presently has an average rating of "Hold" and an average target price of $46.20.

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.