Findell Capital Management LLC Sells 25,700 Shares of Valaris Limited (NYSE:VAL)

Findell Capital Management LLC lessened its holdings in Valaris Limited (NYSE:VAL - Free Report) by 8.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,300 shares of the company's stock after selling 25,700 shares during the period. Valaris accounts for approximately 4.9% of Findell Capital Management LLC's portfolio, making the stock its 7th largest holding. Findell Capital Management LLC owned approximately 0.38% of Valaris worth $11,914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VAL. Quarry LP grew its stake in shares of Valaris by 51.7% in the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after purchasing an additional 233 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Valaris by 518.3% during the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after purchasing an additional 622 shares during the last quarter. Signaturefd LLC raised its holdings in Valaris by 395.0% in the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. raised its holdings in Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after acquiring an additional 511 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Valaris by 326.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock worth $83,000 after acquiring an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VAL shares. StockNews.com upgraded shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Barclays increased their price objective on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Susquehanna dropped their price objective on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Evercore ISI decreased their target price on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup decreased their target price on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $49.17.

Valaris Stock Performance

Shares of Valaris stock traded up $0.85 during trading on Friday, hitting $38.32. 1,370,375 shares of the company's stock were exchanged, compared to its average volume of 1,526,870. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The business has a 50-day simple moving average of $35.18 and a 200-day simple moving average of $41.98. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $84.20. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 7.46 and a beta of 1.09.

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