Vanguard Group Inc. Has $136.18 Million Stock Holdings in Valaris Limited (NYSE:VAL)

Vanguard Group Inc. raised its position in Valaris Limited (NYSE:VAL - Free Report) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,816,177 shares of the company's stock after purchasing an additional 120,550 shares during the quarter. Vanguard Group Inc. owned 2.49% of Valaris worth $136,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VAL. Hosking Partners LLP increased its position in shares of Valaris by 13.0% during the third quarter. Hosking Partners LLP now owns 255,275 shares of the company's stock worth $19,141,000 after acquiring an additional 29,336 shares during the period. Tudor Investment Corp Et Al increased its position in shares of Valaris by 567.3% during the third quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company's stock worth $5,883,000 after acquiring an additional 66,700 shares during the period. Van ECK Associates Corp increased its position in shares of Valaris by 11.3% during the third quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company's stock worth $127,792,000 after acquiring an additional 172,780 shares during the period. SCP Investment LP purchased a new position in shares of Valaris during the third quarter worth approximately $570,000. Finally, Invesco Ltd. increased its position in shares of Valaris by 70.6% during the third quarter. Invesco Ltd. now owns 513,877 shares of the company's stock worth $38,530,000 after acquiring an additional 212,620 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Up 2.8 %

VAL traded up $2.07 during trading on Wednesday, hitting $76.66. The stock had a trading volume of 912,195 shares, compared to its average volume of 918,211. The company has a market capitalization of $5.55 billion, a PE ratio of 6.48 and a beta of 1.13. Valaris Limited has a twelve month low of $54.13 and a twelve month high of $78.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a 50 day simple moving average of $67.58 and a two-hundred day simple moving average of $68.44.

Valaris (NYSE:VAL - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.32. The company had revenue of $483.80 million during the quarter, compared to the consensus estimate of $484.00 million. Valaris had a net margin of 48.50% and a return on equity of 5.71%. On average, research analysts predict that Valaris Limited will post 4.75 earnings per share for the current year.

Analyst Ratings Changes

VAL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Valaris to a "sell" rating in a research note on Friday, March 15th. Evercore ISI dropped their price objective on shares of Valaris from $107.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, February 23rd. Barclays dropped their price objective on shares of Valaris from $105.00 to $102.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 5th. Finally, TheStreet upgraded shares of Valaris from a "c" rating to a "b-" rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.00.

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.