Valaris Limited (NYSE:VAL) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 124,309.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,685 shares of the company's stock after buying an additional 13,674 shares during the period. NBC Securities Inc.'s holdings in Valaris were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VAL. Lowe Wealth Advisors LLC purchased a new stake in shares of Valaris during the first quarter valued at $28,000. Quarry LP boosted its position in Valaris by 51.7% in the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after purchasing an additional 233 shares during the last quarter. Sterling Capital Management LLC boosted its position in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after purchasing an additional 622 shares during the last quarter. Signaturefd LLC boosted its position in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Up 5.5%

Shares of NYSE VAL traded up $2.19 during mid-day trading on Friday, reaching $41.66. 1,899,930 shares of the company were exchanged, compared to its average volume of 1,579,834. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 8.11 and a beta of 1.13. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $84.20. The firm has a 50-day moving average of $35.16 and a 200 day moving average of $40.58.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). Valaris had a net margin of 15.81% and a return on equity of 17.40%. The business had revenue of $620.70 million during the quarter, compared to analysts' expectations of $582.87 million. The company's revenue was up 6.2% compared to the same quarter last year. On average, research analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VAL shares. Evercore ISI dropped their target price 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. Wall Street Zen raised Valaris to a "sell" rating in a research report on Tuesday, May 13th. Citigroup lowered their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Susquehanna lowered their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Barclays lifted their price objective on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $49.17.

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.