X Square Capital LLC Has $1.15 Million Stock Position in Valaris Limited (NYSE:VAL)

X Square Capital LLC boosted its stake in shares of Valaris Limited (NYSE:VAL) by 69.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,063 shares of the company’s stock after buying an additional 10,693 shares during the period. X Square Capital LLC’s holdings in Valaris were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VAL. Quarry LP purchased a new stake in shares of Valaris in the 3rd quarter valued at approximately $25,000. Signaturefd LLC boosted its position 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 acquiring an additional 1,177 shares during the period. Blue Trust Inc. grew its stake in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after acquiring an additional 511 shares in the last quarter. KBC Group NV increased its holdings in shares of Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after purchasing an additional 1,135 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Valaris in the fourth quarter worth approximately $176,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on VAL. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Citigroup lowered their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Barclays cut their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Susquehanna cut their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Valaris in a report on Friday, December 6th. They set an “underweight” rating and a $40.00 price target on the stock. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Valaris has a consensus rating of “Hold” and an average price target of $54.33.

Valaris Price Performance

NYSE:VAL opened at $40.31 on Friday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 7.84 and a beta of 1.16. The company has a 50-day moving average of $42.42 and a 200-day moving average of $46.73. Valaris Limited has a 52 week low of $31.15 and a 52 week high of $84.20. 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 issued its quarterly earnings data 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 return on equity of 17.40% and a net margin of 15.81%. The company had revenue of $584.40 million during the quarter, compared to analysts’ expectations of $578.01 million. As a group, equities research analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

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.