Valaris Limited (NYSE:VAL) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its position in Valaris Limited (NYSE:VAL - Free Report) by 64.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,088 shares of the company's stock after purchasing an additional 12,223 shares during the quarter. Guggenheim Capital LLC's holdings in Valaris were worth $1,375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VAL. Sterling Capital Management LLC increased its stake in shares of 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 in the last quarter. Signaturefd LLC boosted its position in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares during the last quarter. Blue Trust Inc. grew its position in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after buying an additional 511 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Valaris by 326.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock worth $83,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company's stock worth $85,000 after purchasing an additional 547 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Valaris Stock Performance

Valaris stock traded up $0.58 during trading hours on Friday, hitting $32.96. 974,845 shares of the stock traded hands, compared to its average volume of 1,484,694. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $84.20. 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 stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 6.41 and a beta of 1.06. The firm's 50 day moving average price is $35.79 and its 200-day moving average price is $43.07.

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

Analyst Ratings Changes

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

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.