SG Americas Securities LLC Grows Stock Holdings in Valaris Limited (NYSE:VAL)

SG Americas Securities LLC raised its holdings in Valaris Limited (NYSE:VAL - Free Report) by 173.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,507 shares of the company's stock after purchasing an additional 6,660 shares during the quarter. SG Americas Securities LLC's holdings in Valaris were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VAL. Quarry LP grew its holdings in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after acquiring an additional 233 shares during the period. Arizona State Retirement System increased its holdings in shares of Valaris by 1.3% in the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock valued at $841,000 after purchasing an additional 237 shares in the last quarter. Xponance Inc. increased its holdings in shares of Valaris by 5.5% in the 4th quarter. Xponance Inc. now owns 9,273 shares of the company's stock valued at $410,000 after purchasing an additional 487 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of Valaris by 3.3% in the fourth quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $686,000 after purchasing an additional 500 shares during the period. Finally, Covestor Ltd boosted its holdings in Valaris by 40.1% during the fourth quarter. Covestor Ltd now owns 1,911 shares of the company's stock worth $85,000 after buying an additional 547 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup reaffirmed a "neutral" rating and issued a $47.00 target price (up from $44.00) on shares of Valaris in a report on Wednesday, June 18th. Susquehanna dropped their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded Valaris to a "sell" rating in a research report on Tuesday, May 13th. Evercore ISI dropped their price target 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. Finally, Barclays lifted their price target on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note 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 MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $49.67.

Valaris Price Performance

NYSE:VAL traded down $0.22 during trading hours on Friday, reaching $41.94. 2,630,459 shares of the company traded hands, compared to its average volume of 1,601,331. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.67. The firm's 50-day moving average is $38.99 and its 200-day moving average is $40.35. The stock has a market cap of $2.98 billion, a P/E ratio of 9.84 and a beta of 1.13. 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 posted its quarterly earnings data 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 12.61% and a return on equity of 14.14%. The company had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts expect 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.