11,163 Shares in Valaris Limited $VAL Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP has acquired a new stake in Valaris Limited, purchasing 11,163 shares valued at approximately $438,000 in the first quarter.
• Several institutional investors, including TLS Advisors LLC and Townsquare Capital LLC, have significantly increased their holdings in Valaris during the same period.
• Analysts have set a consensus rating of "Hold" for Valaris stock, with an average price target of $46.20, reflecting mixed opinions on its future performance.

Entropy Technologies LP purchased a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,163 shares of the company's stock, valued at approximately $438,000.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP boosted its position in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after buying an additional 233 shares during the period. Bayforest Capital Ltd boosted its position in Valaris by 17.2% during the first quarter. Bayforest Capital Ltd now owns 1,920 shares of the company's stock valued at $75,000 after buying an additional 282 shares during the period. Kestra Private Wealth Services LLC boosted its position in Valaris by 8.4% during the first quarter. Kestra Private Wealth Services LLC now owns 7,283 shares of the company's stock valued at $286,000 after buying an additional 564 shares during the period. Nuveen Asset Management LLC boosted its position in Valaris by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 184,318 shares of the company's stock valued at $8,154,000 after buying an additional 588 shares during the period. Finally, RiverGlades Family Offices LLC boosted its position in Valaris by 11.5% during the first quarter. RiverGlades Family Offices LLC now owns 5,800 shares of the company's stock valued at $228,000 after buying an additional 600 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VAL has been the subject of a number of analyst reports. BTIG Research reiterated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Wall Street Zen upgraded shares of Valaris to a "sell" rating in a report on Tuesday, May 13th. Citigroup reiterated a "neutral" rating and set a $50.00 target price (up from $47.00) on shares of Valaris in a report on Thursday, July 10th. Evercore ISI dropped their target price on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Fearnley Fonds lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.20.

Valaris Trading Up 1.6%

VAL stock traded up $0.71 during trading on Monday, reaching $45.92. The company had a trading volume of 578,974 shares, compared to its average volume of 1,758,621. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $65.68. The company has a market cap of $3.27 billion, a P/E ratio of 11.93 and a beta of 1.17. The business has a 50 day moving average of $46.59 and a 200 day moving average of $40.88. 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 (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.45. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The company had revenue of $615.20 million during the quarter, compared to the consensus estimate of $582.70 million. During the same period in the prior year, the firm earned $2.03 earnings per share. Valaris's revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

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.