Invesco Ltd. Purchases 238,399 Shares of Valaris Limited (NYSE:VAL)

Invesco Ltd. boosted its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 68.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 584,348 shares of the company's stock after acquiring an additional 238,399 shares during the quarter. Invesco Ltd. owned approximately 0.82% of Valaris worth $25,852,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after purchasing an additional 1,177 shares in the last quarter. Blue Trust Inc. lifted its position in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Valaris by 326.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock worth $83,000 after buying an additional 1,435 shares in the last quarter. KBC Group NV lifted its holdings in Valaris by 63.3% during the 4th quarter. KBC Group NV now owns 2,929 shares of the company's stock valued at $130,000 after purchasing an additional 1,135 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Valaris in the fourth quarter worth $176,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on VAL shares. Evercore ISI downgraded 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 note on Wednesday, January 15th. Barclays cut 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. Citigroup dropped their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Susquehanna lowered their price objective on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com upgraded 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 MarketBeat.com, Valaris has a consensus rating of "Hold" and a consensus target price of $50.33.

Valaris Trading Up 2.9 %

NYSE VAL traded up $0.88 during trading hours on Thursday, hitting $31.75. 551,889 shares of the company's stock were exchanged, compared to its average volume of 1,470,972. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a 50-day simple moving average of $36.27 and a 200 day simple moving average of $43.51. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 6.17 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 for the quarter, topping analysts' consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. On average, equities analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

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.