Mariner LLC Purchases 10,410 Shares of Valaris Limited (NYSE:VAL)

Mariner LLC boosted its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 110.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,843 shares of the company's stock after buying an additional 10,410 shares during the quarter. Mariner LLC's holdings in Valaris were worth $878,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VAL. Sterling Capital Management LLC grew its stake in shares of Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after acquiring an additional 622 shares during the period. Signaturefd LLC boosted its position in Valaris by 395.0% during 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 period. Blue Trust Inc. increased its stake in shares of 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 in the last quarter. Quadrant Capital Group LLC raised its position in shares of Valaris by 326.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after purchasing an additional 1,435 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Valaris by 40.1% during the 4th quarter. Covestor Ltd now owns 1,911 shares of the company's stock valued at $85,000 after buying an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VAL. StockNews.com raised shares of Valaris to a "sell" rating in a report on Thursday, February 20th. Evercore ISI decreased their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday. Citigroup cut 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. Susquehanna decreased their price target on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Barclays lowered their price target on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $48.83.

Valaris Price Performance

Shares of NYSE:VAL traded up $0.37 on Friday, hitting $35.92. The company's stock had a trading volume of 1,562,669 shares, compared to its average volume of 1,506,131. 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 company has a market capitalization of $2.55 billion, a PE ratio of 6.99 and a beta of 1.06. The company has a 50-day simple moving average of $35.02 and a 200 day simple moving average of $42.52.

Valaris (NYSE:VAL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $620.70 million during the quarter, compared to analysts' expectations of $582.87 million. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side 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.