Huber Capital Management LLC Has $451,000 Stock Holdings in Valaris Limited (NYSE:VAL)

Huber Capital Management LLC decreased its position in shares of Valaris Limited (NYSE:VAL) by 22.1% during the 4th quarter, Holdings Channel reports. The fund owned 10,200 shares of the company’s stock after selling 2,900 shares during the quarter. Huber Capital Management LLC’s holdings in Valaris were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VAL. Quarry LP bought a new position in shares of Valaris during the third quarter worth $25,000. Signaturefd LLC raised its stake in Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock worth $65,000 after buying an additional 1,177 shares during the period. Blue Trust Inc. lifted its holdings in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after acquiring an additional 511 shares in the last quarter. KBC Group NV grew its stake in Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after acquiring an additional 1,135 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Valaris in the fourth quarter worth about $176,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Down 1.4 %

VAL stock opened at $40.07 on Thursday. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 7.80 and a beta of 1.16. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $41.75 and a two-hundred day moving average price of $46.26.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $584.40 million for the quarter, compared to analysts’ expectations of $578.01 million. Analysts anticipate that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VAL shares. Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Citigroup lowered their price objective on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. JPMorgan Chase & Co. started coverage on shares of Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price objective on the stock. StockNews.com upgraded Valaris to a “sell” rating in a report on Thursday, February 20th. Finally, Barclays dropped their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.33.

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.