Geode Capital Management LLC Has $66.18 Million Stock Holdings in Valaris Limited (NYSE:VAL)

Geode Capital Management LLC reduced its stake in Valaris Limited (NYSE:VAL - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,495,515 shares of the company's stock after selling 24,129 shares during the period. Geode Capital Management LLC owned approximately 2.10% of Valaris worth $66,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. raised its position in Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after purchasing an additional 511 shares during the last quarter. KBC Group NV boosted its stake 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 in the last quarter. New Age Alpha Advisors LLC acquired a new position in Valaris in the fourth quarter worth $176,000. Finally, Spire Wealth Management grew its holdings in shares of Valaris by 24.3% during the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company's stock worth $186,000 after purchasing an additional 821 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VAL has been the topic of several research reports. Barclays reduced their price target on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. StockNews.com raised shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and dropped their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Susquehanna reduced their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Citigroup lowered their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Valaris currently has an average rating of "Hold" and an average target price of $50.33.

Valaris Trading Up 6.0 %

VAL stock traded up $1.80 during midday trading on Friday, reaching $31.90. The company's stock had a trading volume of 1,360,626 shares, compared to its average volume of 1,459,744. The business's 50-day simple moving average is $37.44 and its 200-day simple moving average is $44.19. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $84.20. The stock has a market cap of $2.27 billion, a PE ratio of 6.21 and a beta of 1.06.

Valaris (NYSE:VAL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. As a group, sell-side analysts expect that Valaris Limited will post 3.96 EPS for the current year.

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.