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

U.S. Capital Wealth Advisors LLC raised its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,438 shares of the company's stock after purchasing an additional 21,750 shares during the period. U.S. Capital Wealth Advisors LLC owned 0.13% of Valaris worth $3,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VAL. Dimensional Fund Advisors LP grew its stake in Valaris by 55.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock worth $101,771,000 after buying an additional 821,304 shares during the period. Norges Bank purchased a new stake in Valaris during the fourth quarter worth approximately $31,949,000. Condire Management LP grew its stake in Valaris by 34.1% during the fourth quarter. Condire Management LP now owns 2,618,678 shares of the company's stock worth $115,850,000 after buying an additional 665,718 shares during the period. Renaissance Technologies LLC purchased a new stake in Valaris during the fourth quarter worth approximately $21,747,000. Finally, Waverton Investment Management Ltd grew its stake in Valaris by 49.7% during the first quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company's stock worth $44,455,000 after buying an additional 375,466 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on VAL shares. Barclays upped their target price on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday. Evercore ISI dropped their price objective on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Susquehanna increased their target price on shares of Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. Finally, Citigroup restated a "neutral" rating and set a $50.00 price objective (up previously from $47.00) on shares of Valaris in a research report on Thursday. Two equities research 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 currently has an average rating of "Hold" and an average target price of $52.50.

Valaris Stock Down 1.2%

Shares of NYSE VAL traded down $0.62 during mid-day trading on Friday, reaching $49.94. The company had a trading volume of 911,203 shares, compared to its average volume of 1,621,249. The stock has a fifty day moving average of $41.78 and a two-hundred day moving average of $40.68. 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 company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 11.72 and a beta of 1.15. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last posted 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). The company had revenue of $620.70 million during the quarter, compared to analysts' expectations 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.