SG Americas Securities LLC Has $413,000 Position in Valaris Limited (NYSE:VAL)

SG Americas Securities LLC increased its position in Valaris Limited (NYSE:VAL - Free Report) by 173.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,507 shares of the company's stock after buying 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 (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lingotto Investment Management LLP increased its position in Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after purchasing an additional 87,420 shares during the period. Aigen Investment Management LP acquired a new stake in Valaris during the 4th quarter valued at approximately $611,000. Raymond James Financial Inc. acquired a new stake in Valaris during the 4th quarter valued at approximately $875,000. Deutsche Bank AG increased its position in Valaris by 94.7% during the 4th quarter. Deutsche Bank AG now owns 207,291 shares of the company's stock valued at $9,171,000 after purchasing an additional 100,812 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Valaris by 14.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,399 shares of the company's stock valued at $6,344,000 after purchasing an additional 18,107 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Price Performance

Shares of VAL opened at $41.76 on Wednesday. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20. The business's fifty day moving average is $38.35 and its 200 day moving average is $40.41. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.49. The stock has a market cap of $2.97 billion, a P/E ratio of 9.80 and a beta of 1.13.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on VAL shares. Susquehanna decreased their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays raised their price objective on shares of Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Evercore ISI reduced their price objective on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Wall Street Zen raised shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. Finally, Citigroup reaffirmed a "neutral" rating and set a $47.00 price objective (up previously from $44.00) on shares of Valaris in a research report on Wednesday, June 18th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, Valaris currently has an average rating of "Hold" and an average target price of $49.67.

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.

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