Jump Financial LLC Invests $6.91 Million in Valaris Limited $VAL

Key Points

• Jump Financial LLC has acquired a new position in Valaris Limited, purchasing 175,927 shares valued at approximately $6.91 million, representing 0.25% of the company's outstanding shares.
• Wall Street analysts have varying opinions on Valaris, with one analyst rating it as a Buy, six as Hold, and one as Sell, while the consensus target price is $46.20.
• Valaris recently reported earnings of $1.61 per share, exceeding analysts' expectations, with quarterly revenue reaching $615.20 million against estimates of $582.70 million.

Jump Financial LLC purchased a new position in Valaris Limited (NYSE:VAL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 175,927 shares of the company's stock, valued at approximately $6,907,000. Jump Financial LLC owned 0.25% of Valaris at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Valaris by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,761,369 shares of the company's stock valued at $108,412,000 after purchasing an additional 460,792 shares in the last quarter. Condire Management LP lifted 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 valued at $115,850,000 after purchasing an additional 665,718 shares in the last quarter. Dalal Street LLC bought a new position in shares of Valaris during the first quarter valued at about $56,046,000. Waverton Investment Management Ltd lifted 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 valued at $44,455,000 after purchasing an additional 375,466 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Valaris by 12.1% during the fourth quarter. Northern Trust Corp now owns 818,461 shares of the company's stock valued at $36,209,000 after purchasing an additional 88,160 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BTIG Research reissued a "buy" rating on shares of Valaris in a research report on Monday, July 14th. Fearnley Fonds lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Citigroup reissued a "neutral" rating and set a $50.00 price target (up from $47.00) on shares of Valaris in a research report on Thursday, July 10th. Wall Street Zen raised shares of Valaris from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Barclays raised their price target on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.20.

Valaris Stock Performance

VAL stock traded up $0.60 during mid-day trading on Friday, hitting $49.72. The company had a trading volume of 724,718 shares, compared to its average volume of 1,253,949. The firm has a market cap of $3.54 billion, a PE ratio of 12.95 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 12 month low of $27.15 and a 12 month high of $61.60. The stock's fifty day moving average price is $47.01 and its two-hundred day moving average price is $40.97.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.16 by $0.45. The business had revenue of $615.20 million for the quarter, compared to analyst estimates of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 earnings per share. On average, analysts forecast that Valaris Limited will post 3.96 earnings per share 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.