EntryPoint Capital LLC Raises Stake in Valaris Limited (NYSE:VAL)

EntryPoint Capital LLC boosted its holdings in Valaris Limited (NYSE:VAL) by 42.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,568 shares of the company’s stock after buying an additional 1,668 shares during the period. EntryPoint Capital LLC’s holdings in Valaris were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VAL. Vanguard Group Inc. increased its position in shares of Valaris by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company’s stock worth $285,532,000 after acquiring an additional 23,509 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock worth $160,910,000 after purchasing an additional 87,420 shares during the period. State Street Corp increased its holdings in Valaris by 4.8% in the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after purchasing an additional 112,216 shares in the last quarter. Geode Capital Management LLC raised its position in Valaris by 4.6% in the third quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company’s stock valued at $84,736,000 after purchasing an additional 66,229 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Valaris by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company’s stock worth $44,436,000 after purchasing an additional 29,031 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Trading Down 2.3 %

VAL opened at $39.44 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 7.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris Limited has a 12-month low of $31.15 and a 12-month high of $84.20. The firm’s fifty day moving average price is $42.25 and its 200 day moving average price is $46.62.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million during the quarter, compared to the consensus estimate of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. As a group, research analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VAL. Susquehanna lowered their target price on Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. started coverage on shares of Valaris in a research note on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective on the stock. Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Citigroup lowered their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Finally, StockNews.com upgraded shares of Valaris to a “sell” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.33.

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.