Dynamic Technology Lab Private Ltd Takes $1.13 Million Position in Valaris Limited (NYSE:VAL)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Valaris Limited (NYSE:VAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,416 shares of the company's stock, valued at approximately $1,126,000.

Several other large investors also recently made changes to their positions in VAL. Fifth Third Bancorp increased its holdings in shares of Valaris by 120.1% in the third quarter. Fifth Third Bancorp now owns 394 shares of the company's stock valued at $30,000 after purchasing an additional 215 shares during the last quarter. Covestor Ltd raised its holdings in Valaris by 184.0% in the 3rd quarter. Covestor Ltd now owns 693 shares of the company's stock valued at $52,000 after acquiring an additional 449 shares during the period. Spire Wealth Management acquired a new stake in Valaris during the fourth quarter worth approximately $101,000. Nisa Investment Advisors LLC grew its position in shares of Valaris by 34.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,578 shares of the company's stock valued at $118,000 after purchasing an additional 400 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Valaris by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 2,112 shares of the company's stock worth $145,000 after purchasing an additional 346 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TheStreet upgraded Valaris from a "c" rating to a "b-" rating in a research note on Thursday, February 22nd. Barclays dropped their price objective on shares of Valaris from $102.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, May 10th. Benchmark reissued a "buy" rating and issued a $90.00 price objective on shares of Valaris in a report on Thursday, May 2nd. Evercore ISI dropped their price target on shares of Valaris from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd. Finally, StockNews.com upgraded Valaris to a "sell" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, Valaris has a consensus rating of "Moderate Buy" and an average target price of $99.20.

Valaris Price Performance

Shares of VAL stock traded up $0.20 during trading hours on Tuesday, reaching $77.45. The company's stock had a trading volume of 359,353 shares, compared to its average volume of 886,502. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. Valaris Limited has a fifty-two week low of $55.53 and a fifty-two week high of $78.92. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 6.78 and a beta of 1.20. The firm's 50 day simple moving average is $71.85 and its 200-day simple moving average is $68.41.

Valaris (NYSE:VAL - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Valaris had a return on equity of 3.81% and a net margin of 44.93%. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $503.00 million. Sell-side analysts forecast that Valaris Limited will post 4.37 earnings per share 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.