203,000 Shares in Valaris Limited (NYSE:VAL) Acquired by Packer & Co Ltd

Packer & Co Ltd acquired a new position in Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 203,000 shares of the company’s stock, valued at approximately $8,981,000. Valaris comprises about 2.9% of Packer & Co Ltd’s holdings, making the stock its 6th biggest holding. Packer & Co Ltd owned 0.29% of Valaris at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lingotto Investment Management LLP lifted its holdings in Valaris by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock valued at $160,910,000 after purchasing an additional 87,420 shares in the last quarter. State Street Corp lifted its holdings in Valaris by 4.8% during the third 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 lifted its holdings in Valaris by 4.6% during 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Valaris by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company’s stock valued at $44,436,000 after purchasing an additional 29,031 shares in the last quarter. Finally, Waverton Investment Management Ltd lifted its holdings in Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company’s stock valued at $33,451,000 after purchasing an additional 85,250 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Trading Up 1.9 %

Shares of VAL opened at $39.49 on Wednesday. The company’s fifty day moving average is $43.39 and its 200 day moving average is $47.44. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The stock has a market capitalization of $2.80 billion, a PE ratio of 7.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate 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. Sell-side analysts expect that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VAL has been the topic of several analyst reports. Susquehanna lowered their price target on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. StockNews.com upgraded shares of Valaris to a “sell” rating in a research report on Thursday, February 20th. Barclays reduced their price objective on shares of Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. 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. Finally, Citigroup lifted their price objective on shares of Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and a consensus target price of $55.00.

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.