Valaris Limited (NYSE:VAL) Stock Position Increased by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Valaris Limited (NYSE:VAL - Free Report) by 44,165.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,119 shares of the company's stock after purchasing an additional 52,999 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Valaris worth $2,085,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of 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 worth $101,771,000 after buying an additional 821,304 shares in the last quarter. Norges Bank bought a new stake in shares of Valaris during the 4th quarter worth about $31,949,000. Condire Management LP raised its position in shares of Valaris by 34.1% during the 4th 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 in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Valaris during the 4th quarter worth about $21,747,000. Finally, AQR Capital Management LLC raised its position in shares of Valaris by 942.1% during the 4th quarter. AQR Capital Management LLC now owns 381,463 shares of the company's stock worth $16,502,000 after buying an additional 344,857 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Valaris Stock Performance

Valaris stock opened at $46.56 on Friday. The firm's 50 day simple moving average is $36.41 and its 200-day simple moving average is $40.46. The company has a market cap of $3.31 billion, a P/E ratio of 9.06 and a beta of 1.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). The company had revenue of $620.70 million for the quarter, compared to analysts' expectations of $582.87 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The firm's revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Valaris Limited will post 3.96 EPS for the current year.

Analyst Ratings Changes

VAL has been the topic of a number of recent analyst reports. Evercore ISI dropped their price target 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. Susquehanna dropped their price target on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays boosted their price target on shares of Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Valaris to a "sell" rating in a report on Tuesday, May 13th. Finally, Citigroup dropped their target price on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.

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