Privium Fund Management B.V. Acquires 6,040 Shares of Valaris Limited (NYSE:VAL)

Key Points

• Privium Fund Management B.V. increased its stake in Valaris Limited by 42.6% in Q1, owning 20,222 shares valued at approximately $794,000.
• Institutional investors control 96.74% of Valaris stock, highlighting significant interest from hedge funds such as Dimensional Fund Advisors, which raised its holdings by 55.5% in Q4.
• Valaris recently reported $1.61 EPS for the latest quarter, surpassing estimates, with a revenue of $615.20 million, indicating a year-over-year revenue increase of 0.8%.

Privium Fund Management B.V. lifted its position in Valaris Limited (NYSE:VAL - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,222 shares of the company's stock after purchasing an additional 6,040 shares during the quarter. Privium Fund Management B.V.'s holdings in Valaris were worth $794,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VAL. Dimensional Fund Advisors LP raised its position in shares of Valaris by 55.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock valued at $101,771,000 after buying an additional 821,304 shares in the last quarter. Norges Bank purchased a new stake in Valaris during the fourth quarter valued at about $31,949,000. Condire Management LP lifted 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 purchasing an additional 665,718 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Valaris during the fourth quarter worth about $21,747,000. Finally, Waverton Investment Management Ltd boosted its holdings in shares of Valaris by 49.7% in the 1st quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company's stock worth $44,455,000 after purchasing an additional 375,466 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Valaris Trading Up 0.9%

NYSE VAL traded up $0.42 during trading on Wednesday, hitting $48.19. The company had a trading volume of 1,151,142 shares, compared to its average volume of 1,794,387. The company's fifty day moving average is $45.42 and its 200-day moving average is $41.02. Valaris Limited has a one year low of $27.15 and a one year high of $66.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 12.55 and a beta of 1.17.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.45. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The company had revenue of $615.20 million during the quarter, compared to the consensus estimate of $582.70 million. During the same period in the prior year, the firm earned $2.03 earnings per share. Valaris's revenue was up .8% 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.

Analyst Ratings Changes

A number of brokerages recently weighed in on VAL. Barclays raised their price objective on Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Valaris to a "sell" rating in a report on Tuesday, May 13th. Citigroup reaffirmed a "neutral" rating and issued a $50.00 price objective (up previously from $47.00) on shares of Valaris in a research note on Thursday, July 10th. Evercore ISI decreased their target price on shares of 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, BTIG Research restated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Valaris presently has an average rating of "Hold" and a consensus target price of $46.20.

About Valaris

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.