Deutsche Bank AG Has $9.17 Million Stock Position in Valaris Limited (NYSE:VAL)

Deutsche Bank AG lifted its holdings in Valaris Limited (NYSE:VAL) by 94.7% during the fourth quarter, HoldingsChannel reports. The firm owned 207,291 shares of the company’s stock after purchasing an additional 100,812 shares during the period. Deutsche Bank AG’s holdings in Valaris were worth $9,171,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in shares of Valaris by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 37,429 shares of the company’s stock worth $1,956,000 after acquiring an additional 1,634 shares in the last quarter. Systrade AG increased its holdings in Valaris by 100.0% during the 4th quarter. Systrade AG now owns 40,000 shares of the company’s stock worth $1,770,000 after purchasing an additional 20,000 shares in the last quarter. Drive Wealth Management LLC boosted its stake in shares of Valaris by 26.4% during the 4th quarter. Drive Wealth Management LLC now owns 9,054 shares of the company’s stock worth $401,000 after buying an additional 1,893 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after buying an additional 511 shares during the last quarter. Finally, KBC Group NV lifted its stake in 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 last quarter. 96.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Evercore ISI cut their price objective on shares of Valaris from $55.00 to $50.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Susquehanna reduced their price objective on shares of Valaris from $47.00 to $34.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Barclays upped their price target on shares of Valaris from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. StockNews.com upgraded shares of Valaris to a “sell” rating in a report on Tuesday. Finally, Citigroup decreased their price objective on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.17.

Valaris Stock Down 2.1%

VAL opened at $38.26 on Friday. The company has a 50 day moving average of $35.49 and a 200 day moving average of $41.72. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The company has a market cap of $2.72 billion, a PE ratio of 7.44 and a beta of 1.09.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($1.63). The company had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Valaris Limited will post 3.96 EPS for the current 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.