Lane Generational LLC Acquires New Position in Valaris Limited (NYSE:VAL)

Lane Generational LLC acquired a new position in Valaris Limited (NYSE:VAL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 73,282 shares of the company's stock, valued at approximately $2,877,000. Valaris accounts for 3.2% of Lane Generational LLC's investment portfolio, making the stock its 15th largest position. Lane Generational LLC owned about 0.10% of Valaris at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in Valaris by 51.7% in the 4th 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. Xponance Inc. lifted its stake in Valaris by 5.5% in the fourth quarter. Xponance Inc. now owns 9,273 shares of the company's stock valued at $410,000 after acquiring an additional 487 shares during the last quarter. Covestor Ltd grew its holdings in Valaris by 40.1% during the fourth quarter. Covestor Ltd now owns 1,911 shares of the company's stock valued at $85,000 after purchasing an additional 547 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Valaris by 3.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,622 shares of the company's stock valued at $735,000 after purchasing an additional 556 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings 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 purchasing an additional 564 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Price Performance

Shares of Valaris stock traded down $0.24 during midday trading on Friday, reaching $50.46. The company had a trading volume of 833,030 shares, compared to its average volume of 1,348,368. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 11.84 and a beta of 1.15. The stock has a fifty day simple moving average of $43.82 and a 200 day simple moving average of $40.97. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). The company had revenue of $620.70 million during the quarter, compared to analyst estimates of $582.87 million. Valaris had a net margin of 12.61% and a return on equity of 14.14%. Valaris's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts forecast that Valaris Limited will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on VAL shares. Wall Street Zen upgraded Valaris to a "sell" rating in a report on Tuesday, May 13th. Evercore ISI cut their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Barclays raised their target price on Valaris from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Citigroup reissued a "neutral" rating and issued a $50.00 target price (up from $47.00) on shares of Valaris in a report on Thursday, July 10th. Finally, BTIG Research reissued a "buy" rating on shares of Valaris in a report on Monday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Valaris currently has a consensus rating of "Hold" and an average price target of $52.50.

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.