Mutual of America Capital Management LLC Increases Position in Valaris Limited (NYSE:VAL)

Mutual of America Capital Management LLC boosted its stake in Valaris Limited (NYSE:VAL - Free Report) by 92.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,674 shares of the company's stock after purchasing an additional 38,367 shares during the period. Mutual of America Capital Management LLC owned approximately 0.11% of Valaris worth $5,463,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Valaris by 31.8% in the 3rd quarter. FMR LLC now owns 3,812,867 shares of the company's stock valued at $285,889,000 after buying an additional 919,123 shares during the last quarter. State Street Corp increased its stake in shares of Valaris by 64.6% in the first quarter. State Street Corp now owns 2,209,606 shares of the company's stock valued at $143,757,000 after purchasing an additional 867,097 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Valaris by 1,379.2% during the second quarter. Goldman Sachs Group Inc. now owns 687,204 shares of the company's stock valued at $29,028,000 after acquiring an additional 640,746 shares during the period. Norges Bank acquired a new position in shares of Valaris during the fourth quarter valued at approximately $42,829,000. Finally, Northern Trust Corp increased its stake in shares of Valaris by 359.9% during the second quarter. Northern Trust Corp now owns 561,122 shares of the company's stock valued at $23,701,000 after acquiring an additional 439,106 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Down 0.4 %

VAL stock traded down $0.27 during midday trading on Friday, reaching $70.83. 810,476 shares of the company's stock traded hands, compared to its average volume of 808,323. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 6.06 and a beta of 1.13. The firm's fifty day moving average price is $68.80 and its 200-day moving average price is $68.32. Valaris Limited has a 52 week low of $54.13 and a 52 week high of $78.92.

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 analysts' consensus estimates of $0.29 by $0.32. Valaris had a net margin of 48.50% and a return on equity of 5.71%. The business had revenue of $483.80 million for the quarter, compared to the consensus estimate of $484.00 million. As a group, sell-side analysts forecast that Valaris Limited will post 4.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VAL has been the subject of a number of recent analyst reports. StockNews.com raised 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 report on Friday, February 23rd. Barclays reduced their price target on shares of Valaris from $105.00 to $102.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 5th. Finally, TheStreet raised 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.

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.