Yousif Capital Management LLC Sells 228 Shares of Valaris Limited (NYSE:VAL)

Yousif Capital Management LLC cut its holdings in Valaris Limited (NYSE:VAL) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,202 shares of the company’s stock after selling 228 shares during the period. Yousif Capital Management LLC’s holdings in Valaris were worth $2,071,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hosking Partners LLP boosted its stake in shares of Valaris by 13.0% during the 3rd quarter. Hosking Partners LLP now owns 255,275 shares of the company’s stock worth $19,141,000 after purchasing an additional 29,336 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Valaris by 92.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 79,674 shares of the company’s stock worth $5,463,000 after acquiring an additional 38,367 shares in the last quarter. Lancaster Investment Management bought a new position in shares of Valaris during the 4th quarter worth approximately $27,436,000. Tudor Investment Corp Et Al raised its holdings in shares of Valaris by 567.3% in the third quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company’s stock worth $5,883,000 after buying an additional 66,700 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Valaris by 11.3% in the third quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock worth $127,792,000 after buying an additional 172,780 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Valaris Stock Performance

NYSE:VAL opened at $65.06 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Valaris Limited has a fifty-two week low of $54.13 and a fifty-two week high of $78.92. The stock has a market cap of $4.71 billion, a PE ratio of 5.57 and a beta of 1.13. The firm’s fifty day simple moving average is $69.83 and its 200-day simple moving average is $67.94.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.32. The company had revenue of $483.80 million for the quarter, compared to analysts’ expectations of $484.00 million. Valaris had a net margin of 48.50% and a return on equity of 5.71%. Analysts expect that Valaris Limited will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on VAL shares. TheStreet raised shares of Valaris from a “c” rating to a “b-” rating in a report on Thursday, February 22nd. Barclays dropped their price target on shares of Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 5th. Evercore ISI dropped their target price on shares of Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Finally, StockNews.com upgraded shares of Valaris to a “sell” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

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.