Xponance Inc. Raises Stock Holdings in Valaris Limited (NYSE:VAL)

Xponance Inc. lifted its stake in shares of Valaris Limited (NYSE:VAL) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,273 shares of the company’s stock after acquiring an additional 487 shares during the quarter. Xponance Inc.’s holdings in Valaris were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tejara Capital Ltd boosted its position in shares of Valaris by 93.0% in the fourth quarter. Tejara Capital Ltd now owns 112,405 shares of the company’s stock worth $4,973,000 after purchasing an additional 54,173 shares during the period. Signaturefd LLC boosted its holdings in Valaris by 395.0% in 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. ANTIPODES PARTNERS Ltd purchased a new stake in Valaris in the 4th quarter worth $281,000. Swiss National Bank raised its holdings in Valaris by 1.1% during the fourth quarter. Swiss National Bank now owns 128,700 shares of the company’s stock valued at $5,694,000 after acquiring an additional 1,400 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Valaris by 11.9% in the fourth quarter. HighTower Advisors LLC now owns 11,742 shares of the company’s stock valued at $519,000 after acquiring an additional 1,252 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Up 1.9 %

Shares of NYSE:VAL opened at $40.28 on Thursday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 7.84 and a beta of 1.16. Valaris Limited has a 12 month low of $31.15 and a 12 month high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $42.59 and a 200 day moving average price of $46.78.

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

Analyst Ratings Changes

Several brokerages recently issued reports on VAL. Evercore ISI downgraded Valaris from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. started coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective on the stock. Susquehanna dropped their target price on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Barclays cut their price objective on Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Valaris presently has an average rating of “Hold” and a consensus target price 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.