9,372 Shares in Valaris Limited (NYSE:VAL) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,372 shares of the company's stock, valued at approximately $368,000.

Other hedge funds have also modified their holdings of the company. Lowe Wealth Advisors LLC bought a new stake in shares of Valaris during the first quarter valued at approximately $28,000. Quarry LP grew its stake in shares of Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after purchasing an additional 233 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Valaris by 518.3% during the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after purchasing an additional 622 shares during the last quarter. UMB Bank n.a. bought a new stake in shares of Valaris during the first quarter valued at approximately $44,000. Finally, GAMMA Investing LLC grew its stake in shares of Valaris by 1,027.5% during the first 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 last quarter. 96.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VAL has been the topic of several research analyst reports. Evercore ISI decreased 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 raised shares of Valaris to a "sell" rating in a research note on Tuesday, May 13th. BTIG Research reaffirmed a "buy" rating on shares of Valaris in a research note on Monday. Citigroup reaffirmed a "neutral" rating and issued a $50.00 price objective (up from $47.00) on shares of Valaris in a research note on Thursday, July 10th. Finally, Susquehanna raised their price objective on shares of Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $52.50.

Valaris Trading Down 0.8%

Shares of NYSE VAL traded down $0.40 during midday trading on Friday, reaching $46.98. 961,550 shares of the stock were exchanged, compared to its average volume of 1,620,478. The business has a 50-day simple moving average of $42.62 and a two-hundred day simple moving average of $40.83. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 11.03 and a beta of 1.15. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. 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 (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). The firm had revenue of $620.70 million for 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 revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Valaris Limited will post 3.96 EPS for the current year.

Valaris Company 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.