River Road Asset Management LLC Has $23.38 Million Stock Holdings in Valaris Limited (NYSE:VAL)

River Road Asset Management LLC lowered its position in Valaris Limited (NYSE:VAL - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 340,979 shares of the company's stock after selling 21,560 shares during the quarter. River Road Asset Management LLC owned 0.47% of Valaris worth $23,381,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VAL. LPL Financial LLC raised its holdings in shares of Valaris by 2.0% in the 3rd quarter. LPL Financial LLC now owns 7,444 shares of the company's stock worth $558,000 after buying an additional 147 shares in the last quarter. Xponance Inc. raised its holdings in shares of Valaris by 1.9% in the 3rd quarter. Xponance Inc. now owns 9,023 shares of the company's stock worth $677,000 after buying an additional 172 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Valaris by 2.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,940 shares of the company's stock worth $520,000 after buying an additional 172 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Valaris by 3.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,731 shares of the company's stock worth $430,000 after buying an additional 186 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Valaris by 120.1% in the 3rd quarter. Fifth Third Bancorp now owns 394 shares of the company's stock worth $30,000 after buying an additional 215 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Analysts Set New Price Targets

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

Valaris Trading Down 1.3 %

Shares of NYSE VAL traded down $0.87 during midday trading on Thursday, hitting $67.06. The stock had a trading volume of 442,261 shares, compared to its average volume of 896,045. The company's 50-day simple moving average is $69.23 and its 200 day simple moving average is $68.23. The firm has a market cap of $4.86 billion, a P/E ratio of 5.81 and a beta of 1.13. Valaris Limited has a fifty-two week low of $54.13 and a fifty-two week high of $78.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.71.

Valaris (NYSE:VAL - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.61 EPS 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 analysts' expectations of $484.00 million. Valaris had a return on equity of 5.71% and a net margin of 48.50%. Research analysts anticipate that Valaris Limited will post 4.75 EPS for the current year.

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.