Valueworks LLC Has $14.60 Million Stake in Valaris Limited (NYSE:VAL)

Valueworks LLC decreased its position in shares of Valaris Limited (NYSE:VAL - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,922 shares of the company's stock after selling 20,364 shares during the quarter. Valaris comprises 4.9% of Valueworks LLC's holdings, making the stock its 6th largest holding. Valueworks LLC owned 0.46% of Valaris worth $14,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Systrade AG boosted its position in shares of Valaris by 100.0% during the fourth quarter. Systrade AG now owns 40,000 shares of the company's stock valued at $1,770,000 after buying an additional 20,000 shares during the last quarter. Drive Wealth Management LLC boosted its position in Valaris by 26.4% in the fourth quarter. Drive Wealth Management LLC now owns 9,054 shares of the company's stock worth $401,000 after purchasing an additional 1,893 shares during the last quarter. Blue Trust Inc. boosted its position in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares during the last quarter. KBC Group NV boosted its position in Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock worth $130,000 after purchasing an additional 1,135 shares during the last quarter. Finally, Deane Retirement Strategies Inc. boosted its position in Valaris by 6.1% in the fourth quarter. Deane Retirement Strategies Inc. now owns 42,984 shares of the company's stock worth $1,902,000 after purchasing an additional 2,480 shares during the last quarter. Institutional investors own 96.74% of the company's stock.

Valaris Price Performance

NYSE VAL traded up $0.21 during trading on Friday, reaching $36.27. The company's stock had a trading volume of 1,037,241 shares, compared to its average volume of 1,559,268. The stock has a market capitalization of $2.58 billion, a PE ratio of 7.06 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 firm has a fifty day moving average of $35.36 and a 200 day moving average of $41.21. Valaris Limited has a one year low of $27.15 and a one year high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $620.70 million during the quarter, compared to analysts' expectations of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The company's quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen raised Valaris to a "sell" rating in a research report on Tuesday, May 13th. Barclays boosted their price objective on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Susquehanna cut their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Evercore ISI cut their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup lowered their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $49.17.

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.