Findell Capital Management LLC Has $11.91 Million Position in Valaris Limited (NYSE:VAL)

Findell Capital Management LLC lessened its stake in Valaris Limited (NYSE:VAL - Free Report) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 269,300 shares of the company's stock after selling 25,700 shares during the period. Valaris comprises about 4.9% of Findell Capital Management LLC's portfolio, making the stock its 7th biggest position. Findell Capital Management LLC owned 0.38% of Valaris worth $11,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Valaris by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock valued at $285,532,000 after buying an additional 23,509 shares during the last quarter. Lingotto Investment Management LLP grew its position in shares of Valaris by 2.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after buying an additional 87,420 shares during the last quarter. Condire Management LP grew its position in shares of Valaris by 34.1% in the 4th quarter. Condire Management LP now owns 2,618,678 shares of the company's stock valued at $115,850,000 after buying an additional 665,718 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Valaris by 55.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock valued at $101,771,000 after buying an additional 821,304 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Valaris by 12.1% in the 4th quarter. Northern Trust Corp now owns 818,461 shares of the company's stock valued at $36,209,000 after buying an additional 88,160 shares during the last quarter. Institutional investors own 96.74% of the company's stock.

Valaris Stock Up 1.6%

VAL stock traded up $0.62 during trading on Wednesday, reaching $39.49. 852,848 shares of the stock were exchanged, compared to its average volume of 1,532,567. The firm's 50 day moving average is $35.38 and its 200 day moving average is $41.88. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.81 billion, a P/E ratio of 7.68 and a beta of 1.09.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.63). The company had revenue of $620.70 million during the quarter, compared to analysts' expectations of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. Valaris's revenue was up 6.2% compared to the same quarter last year. As a group, research analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on VAL shares. Susquehanna cut their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays upped their target price on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. StockNews.com upgraded Valaris to a "sell" rating in a research report on Tuesday. Citigroup cut their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Evercore ISI cut their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Valaris currently has a consensus rating of "Hold" and an average target price of $49.17.

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.