1,319 Shares in Valaris Limited $VAL Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in shares of Valaris Limited (NYSE:VAL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,319 shares of the company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Valaris by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,761,369 shares of the company’s stock worth $108,412,000 after purchasing an additional 460,792 shares during the last quarter. Dalal Street LLC acquired a new stake in shares of Valaris during the first quarter valued at about $56,046,000. Charles Schwab Investment Management Inc. increased its position in shares of Valaris by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 813,871 shares of the company’s stock valued at $31,953,000 after acquiring an additional 20,278 shares during the last quarter. Tensile Capital Management LP acquired a new stake in shares of Valaris during the first quarter valued at about $25,912,000. Finally, Third Avenue Management LLC increased its position in shares of Valaris by 33.6% during the first quarter. Third Avenue Management LLC now owns 569,839 shares of the company’s stock valued at $22,372,000 after acquiring an additional 143,231 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VAL. Capital One Financial set a $55.00 price target on shares of Valaris in a research report on Monday, September 15th. Susquehanna lifted their price target on shares of Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Friday. Barclays lifted their price target on shares of Valaris from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Zacks Research cut shares of Valaris from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $48.69.

Valaris Trading Up 0.7%

NYSE VAL opened at $56.73 on Friday. The firm has a 50 day simple moving average of $50.13 and a 200-day simple moving average of $44.46. 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 Limited has a one year low of $27.15 and a one year high of $58.14. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 14.77 and a beta of 1.15.

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