Valaris Limited (NYSE:VAL) is Systrade AG’s 6th Largest Position

Systrade AG increased its position in shares of Valaris Limited (NYSE:VAL) by 100.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Valaris makes up approximately 2.8% of Systrade AG’s investment portfolio, making the stock its 6th largest position. Systrade AG owned about 0.06% of Valaris worth $1,770,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in Valaris during the third quarter worth $25,000. Evergreen Capital Management LLC acquired a new position in Valaris during the second quarter worth $204,000. Scientech Research LLC acquired a new position in Valaris during the second quarter worth $211,000. SkyView Investment Advisors LLC acquired a new position in Valaris during the second quarter worth $224,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Valaris in the 3rd quarter valued at $244,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Price Performance

Shares of NYSE VAL opened at $48.05 on Monday. The stock’s 50-day moving average is $45.45 and its two-hundred day moving average is $55.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. Valaris Limited has a 1-year low of $39.90 and a 1-year high of $84.20. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 3.30 and a beta of 1.10.

Analysts Set New Price Targets

VAL has been the topic of several recent analyst reports. Susquehanna decreased their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Benchmark lowered Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Citigroup lowered Valaris from a “buy” rating to a “neutral” rating and decreased their price target for the company from $58.00 to $47.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. began coverage on Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target on the stock. Finally, Barclays reissued an “equal weight” rating and set a $49.00 target price (down previously from $59.00) on shares of Valaris in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.67.

About Valaris

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.