U.S. Capital Wealth Advisors LLC Acquires 21,750 Shares of Valaris Limited (NYSE:VAL)

U.S. Capital Wealth Advisors LLC lifted its position in Valaris Limited (NYSE:VAL - Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,438 shares of the company's stock after acquiring an additional 21,750 shares during the quarter. U.S. Capital Wealth Advisors LLC owned 0.13% of Valaris worth $3,708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Valaris by 51.7% in the fourth quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after acquiring an additional 233 shares in the last quarter. Lowe Wealth Advisors LLC bought a new stake in shares of Valaris in the first quarter valued at about $28,000. Sterling Capital Management LLC raised its holdings in shares of 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 in the last quarter. UMB Bank n.a. bought a new stake in shares of Valaris in the first quarter valued at about $44,000. Finally, GAMMA Investing LLC raised its holdings in shares of Valaris by 1,027.5% in the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after acquiring an additional 1,233 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Evercore ISI decreased their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Citigroup restated a "neutral" rating and issued a $47.00 price objective (up from $44.00) on shares of Valaris in a report on Wednesday, June 18th. Barclays lifted their target price on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wall Street Zen upgraded Valaris to a "sell" rating in a research note on Tuesday, May 13th. Finally, Susquehanna lifted their target price on Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $51.67.

Valaris Price Performance

Shares of VAL stock opened at $46.68 on Tuesday. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 10.96 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.67 and a current ratio of 1.67. The stock's 50-day simple moving average is $40.55 and its 200-day simple moving average is $40.43.

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

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