Valaris Limited (NYSE:VAL) Stock Holdings Decreased by Hosking Partners LLP

Key Points

• Hosking Partners LLP reduced its stake in Valaris Limited by 27.4%, selling 93,656 shares, which now leaves them with a total of 248,186 shares valued at approximately $9.74 million.
• Valaris recently reported earnings of $1.61 per share, exceeding estimates, with revenue of $615.20 million for the quarter, indicating a year-over-year revenue increase of 0.8%.
• Wall Street analysts have given Valaris a consensus rating of "Hold", with a price target average of $46.20, and several analysts have downgraded their ratings recently.

Hosking Partners LLP lessened its stake in Valaris Limited (NYSE:VAL - Free Report) by 27.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,186 shares of the company's stock after selling 93,656 shares during the quarter. Hosking Partners LLP owned about 0.35% of Valaris worth $9,744,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quarry LP boosted its holdings in shares of Valaris by 51.7% in the 4th quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after purchasing an additional 233 shares during the last quarter. Lowe Wealth Advisors LLC acquired a new position in shares of Valaris in the 1st quarter valued at $28,000. Sterling Capital Management LLC boosted its holdings in shares of Valaris by 518.3% in the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after purchasing an additional 622 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Valaris in the 1st quarter valued at $44,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Valaris by 1,027.5% in the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after purchasing an additional 1,233 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Stock Up 0.1%

VAL stock traded up $0.05 during trading on Tuesday, reaching $46.38. The stock had a trading volume of 1,386,887 shares, compared to its average volume of 1,778,372. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $65.68. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.30 billion, a P/E ratio of 12.08 and a beta of 1.17. The firm has a fifty day moving average price of $46.11 and a 200 day moving average price of $40.93.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 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 firm had revenue of $615.20 million for the quarter, compared to analyst estimates of $582.70 million. During the same quarter in the previous year, the business posted $2.03 EPS. The firm's revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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 report on Friday, May 2nd. Fearnley Fonds lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Citigroup restated a "neutral" rating and set a $50.00 target price (up previously from $47.00) on shares of Valaris in a report on Thursday, July 10th. BTIG Research restated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Finally, Barclays lifted their target price on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.20.

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.