Segall Bryant & Hamill LLC Cuts Stock Holdings in Valaris Limited (NYSE:VAL)

Segall Bryant & Hamill LLC decreased its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,355 shares of the company's stock after selling 12,744 shares during the period. Segall Bryant & Hamill LLC owned about 0.32% of Valaris worth $8,887,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VAL. Lowe Wealth Advisors LLC purchased a new stake in Valaris during the 1st quarter valued at $28,000. Quarry LP increased its position in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after acquiring an additional 233 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after acquiring an additional 622 shares during the period. UMB Bank n.a. purchased a new position in Valaris in the first quarter worth about $44,000. Finally, GAMMA Investing LLC grew its stake in shares of Valaris by 1,027.5% during 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 period. Institutional investors own 96.74% of the company's stock.

Valaris Price Performance

Shares of VAL stock traded down $0.40 on Friday, hitting $46.98. 961,550 shares of the stock traded hands, compared to its average volume of 1,623,801. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.67. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $84.20. The firm has a 50 day simple moving average of $42.62 and a two-hundred day simple moving average of $40.83. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 11.12 and a beta of 1.15.

Valaris (NYSE:VAL - Get Free Report) last posted 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). The business had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. Valaris had a net margin of 12.61% and a return on equity of 14.14%. Valaris's revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VAL. BTIG Research reissued a "buy" rating on shares of Valaris in a report on Monday. Evercore ISI dropped their price target on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded Valaris to a "sell" rating in a research note on Tuesday, May 13th. Barclays raised their target price on Valaris from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, Susquehanna boosted their price target on Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.