Valaris Limited $VAL Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 42.9% in the 1st quarter, according to 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 SEC filing.

Several other large investors also recently modified their holdings of VAL. LPL Financial LLC grew its stake in shares of Valaris by 101.4% during the fourth quarter. LPL Financial LLC now owns 21,322 shares of the company's stock valued at $943,000 after acquiring an additional 10,737 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Valaris by 63.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,573 shares of the company's stock valued at $822,000 after acquiring an additional 7,234 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Valaris by 19.3% during the fourth quarter. Russell Investments Group Ltd. now owns 15,139 shares of the company's stock valued at $670,000 after acquiring an additional 2,444 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Valaris during the fourth quarter valued at about $222,000. Finally, Raymond James Financial Inc. bought a new position in shares of Valaris during the fourth quarter worth about $875,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of Valaris from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. BTIG Research reaffirmed a "buy" rating on shares of Valaris in a research report on Monday, July 14th. Evercore ISI reduced 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 report on Friday, May 2nd. Susquehanna increased their price target on shares of Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valaris presently has an average rating of "Hold" and an average target price of $46.20.

Valaris Stock Performance

NYSE:VAL traded up $2.8960 during midday trading on Friday, reaching $49.0760. 364,850 shares of the company traded hands, compared to its average volume of 1,747,089. The company has a fifty day moving average price of $46.63 and a 200 day moving average price of $40.92. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 12.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick 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 quarterly earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.45. The company had revenue of $615.20 million for the quarter, compared to analysts' expectations of $582.70 million. Valaris had a return on equity of 12.36% and a net margin of 11.18%.The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 earnings per share. On average, analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

About Valaris

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.