Yousif Capital Management LLC Has $920,000 Holdings in Valaris Limited $VAL

Yousif Capital Management LLC cut its position in shares of Valaris Limited (NYSE:VAL) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,839 shares of the company’s stock after selling 358 shares during the quarter. Yousif Capital Management LLC’s holdings in Valaris were worth $920,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bayforest Capital Ltd increased its position in shares of Valaris by 17.2% during the first quarter. Bayforest Capital Ltd now owns 1,920 shares of the company’s stock worth $75,000 after buying an additional 282 shares during the period. Signaturefd LLC increased its position in shares of Valaris by 45.4% during the second quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after buying an additional 286 shares during the period. Fifth Third Bancorp increased its position in shares of Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock worth $35,000 after buying an additional 360 shares during the period. Moody National Bank Trust Division boosted its stake in Valaris by 4.8% during the second quarter. Moody National Bank Trust Division now owns 9,645 shares of the company’s stock worth $406,000 after acquiring an additional 438 shares in the last quarter. Finally, Fermata Advisors LLC boosted its stake in Valaris by 8.9% during the second quarter. Fermata Advisors LLC now owns 6,133 shares of the company’s stock worth $258,000 after acquiring an additional 501 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VAL has been the topic of several research analyst reports. Clarkson Capital lowered shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research note on Tuesday, September 2nd. Wall Street Zen raised shares of Valaris from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. SEB Equity Research set a $45.50 target price on shares of Valaris in a research note on Monday, September 1st. Citigroup increased their target price on shares of Valaris from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, Barclays raised their price objective on shares of Valaris from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $48.69.

Valaris Stock Performance

Shares of VAL stock opened at $48.36 on Wednesday. The firm has a 50-day moving average of $49.66 and a 200-day moving average of $43.95. The company has a market cap of $3.44 billion, a P/E ratio of 12.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. Valaris Limited has a one year low of $27.15 and a one year high of $53.98.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to the consensus estimate of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 earnings per share. Equities research analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

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.