Valaris Limited (NYSE:VAL) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Valaris Limited (NYSE:VAL - Free Report) by 55.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,300,577 shares of the company's stock after buying an additional 821,304 shares during the period. Dimensional Fund Advisors LP owned about 3.23% of Valaris worth $101,771,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Sterling Capital Management LLC grew its position 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 in the last quarter. Signaturefd LLC lifted its position in shares of Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares during the last quarter. Blue Trust Inc. lifted its holdings in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after buying an additional 511 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Valaris by 326.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after acquiring an additional 1,435 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company's stock worth $85,000 after buying an additional 547 shares during the period. Institutional investors own 96.74% of the company's stock.

Valaris Price Performance

NYSE VAL traded up $0.35 on Friday, hitting $35.90. The company had a trading volume of 562,228 shares, compared to its average volume of 1,502,854. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The company's fifty day moving average price is $35.07 and its 200-day moving average price is $42.68. The company has a market capitalization of $2.55 billion, a PE ratio of 6.98 and a beta of 1.06. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share 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 company had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. The business's revenue was up 6.2% on a year-over-year basis. As a group, analysts predict that Valaris Limited will post 3.96 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VAL shares. Susquehanna lowered their price target on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Citigroup dropped their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Barclays cut their target price on Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. StockNews.com upgraded shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Finally, Evercore ISI decreased their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.83.

Valaris Company 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.