Teza Capital Management LLC Acquires Shares of 20,854 Valaris Limited (NYSE:VAL)

Teza Capital Management LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,854 shares of the company's stock, valued at approximately $923,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asset Management L.P. lifted its stake in Valaris by 376.7% during the fourth quarter. Point72 Asset Management L.P. now owns 96,023 shares of the company's stock worth $4,248,000 after purchasing an additional 130,723 shares during the last quarter. ProShare Advisors LLC lifted its stake in Valaris by 38.4% during the fourth quarter. ProShare Advisors LLC now owns 20,430 shares of the company's stock worth $904,000 after purchasing an additional 5,665 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Valaris by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 184,318 shares of the company's stock worth $8,154,000 after purchasing an additional 588 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in Valaris during the fourth quarter worth about $217,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Valaris by 2.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,084 shares of the company's stock worth $1,552,000 after purchasing an additional 703 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VAL. StockNews.com raised Valaris to a "sell" rating in a research note on Tuesday, May 13th. Susquehanna dropped their price target on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Citigroup dropped their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Evercore ISI decreased their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, Barclays lifted their price objective on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Valaris presently has a consensus rating of "Hold" and a consensus price target of $49.17.

Valaris Trading Down 2.8%

NYSE:VAL traded down $1.05 during mid-day trading on Wednesday, reaching $36.41. 1,030,781 shares of the company's stock traded hands, compared to its average volume of 1,551,602. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 7.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The company has a 50 day moving average price of $35.48 and a 200-day moving average price of $41.47.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly 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 net margin of 15.81% and a return on equity of 17.40%. The business had revenue of $620.70 million for the quarter, compared to analysts' expectations of $582.87 million. The business's revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts predict that Valaris Limited will post 3.96 earnings per share for the current year.

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.