Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Stock Position in Valaris Limited $VAL

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Valaris Limited (NYSE:VAL) by 100.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Valaris were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VAL. Blume Capital Management Inc. raised its stake in Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Fifth Third Bancorp raised its stake in Valaris by 77.9% in the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock worth $35,000 after buying an additional 360 shares in the last quarter. Signaturefd LLC raised its stake in Valaris by 45.4% in the second quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC raised its stake in Valaris by 1,027.5% in the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock worth $53,000 after buying an additional 1,233 shares in the last quarter. Finally, Bayforest Capital Ltd raised its stake in Valaris by 17.2% in 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 in the last quarter. 96.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Susquehanna increased their price target on shares of Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Clarkson Capital downgraded shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price target for the company. in a research note on Tuesday, September 2nd. SEB Equity Research set a $45.50 target price on shares of Valaris in a research note on Monday, September 1st. Zacks Research downgraded shares of Valaris from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Finally, Capital One Financial set a $55.00 target price on shares of Valaris in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $48.69.

Valaris Price Performance

Shares of NYSE VAL opened at $56.50 on Friday. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $56.93. The company has a 50 day simple moving average of $49.90 and a two-hundred day simple moving average of $44.16. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 14.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share 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 quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 earnings per share. Analysts expect 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.