Waverton Investment Management Ltd Acquires 375,466 Shares of Valaris Limited (NYSE:VAL)

Waverton Investment Management Ltd boosted its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 49.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,131,601 shares of the company's stock after buying an additional 375,466 shares during the quarter. Waverton Investment Management Ltd owned about 1.59% of Valaris worth $44,455,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VAL. Lowe Wealth Advisors LLC acquired a new position in shares of Valaris during the 1st quarter valued at about $28,000. Quarry LP boosted its position in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after purchasing an additional 233 shares during the period. Sterling Capital Management LLC grew its holdings in Valaris by 518.3% during the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after purchasing an additional 622 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Valaris in the first quarter valued at approximately $44,000. Finally, GAMMA Investing LLC lifted its stake 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 worth $53,000 after buying an additional 1,233 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VAL shares. Susquehanna lowered their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays raised their price target on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Evercore ISI cut their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Citigroup restated a "neutral" rating and set a $47.00 target price (up previously from $44.00) on shares of Valaris in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised Valaris to a "sell" rating in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $49.67.

Valaris Trading Up 0.3%

Valaris stock opened at $42.16 on Friday. The business has a 50 day moving average price of $38.79 and a two-hundred day moving average price of $40.41. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.49. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 9.90 and a beta of 1.13.

Valaris (NYSE:VAL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.63). Valaris had a return on equity of 14.14% and a net margin of 12.61%. The firm had revenue of $620.70 million during the quarter, compared to the consensus estimate of $582.87 million. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast 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.

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