Mutual Advisors LLC Invests $606,000 in Valaris Limited (NYSE:VAL)

Mutual Advisors LLC purchased a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,441 shares of the company's stock, valued at approximately $606,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Valaris by 55.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock valued at $101,771,000 after purchasing an additional 821,304 shares in the last quarter. Norges Bank purchased a new position in shares of Valaris in the fourth quarter worth about $31,949,000. Condire Management LP increased its holdings in shares of Valaris by 34.1% in the fourth quarter. Condire Management LP now owns 2,618,678 shares of the company's stock worth $115,850,000 after buying an additional 665,718 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Valaris in the fourth quarter worth about $21,747,000. Finally, Waverton Investment Management Ltd increased its holdings in shares of Valaris by 49.7% in the first quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company's stock worth $44,455,000 after buying an additional 375,466 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Trading Down 1.2%

Shares of NYSE:VAL traded down $0.62 during trading on Friday, reaching $49.94. The company's stock had a trading volume of 911,203 shares, compared to its average volume of 1,617,988. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.49. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The firm's 50 day simple moving average is $41.50 and its two-hundred day simple moving average is $40.62. The stock has a market capitalization of $3.55 billion, a PE ratio of 11.72 and a beta of 1.15.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VAL shares. Citigroup reiterated a "neutral" rating and set a $50.00 target price (up previously from $47.00) on shares of Valaris in a report on Thursday. Wall Street Zen raised Valaris to a "sell" rating in a research report on Tuesday, May 13th. Susquehanna boosted their price target on Valaris from $40.00 to $46.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Evercore ISI lowered their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, Barclays upped their price objective on Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $52.50.

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.