Mutual Advisors LLC Raises Position in Valaris Limited $VAL

Mutual Advisors LLC raised its holdings in Valaris Limited (NYSE:VAL) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,897 shares of the company’s stock after buying an additional 4,456 shares during the period. Mutual Advisors LLC’s holdings in Valaris were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bayforest Capital Ltd lifted its position in shares of Valaris by 254.2% during the 2nd quarter. Bayforest Capital Ltd now owns 6,801 shares of the company’s stock worth $286,000 after purchasing an additional 4,881 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Valaris by 13.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,631 shares of the company’s stock worth $448,000 after purchasing an additional 1,301 shares during the last quarter. Rye Brook Capital LLC lifted its position in shares of Valaris by 10.4% during the 2nd quarter. Rye Brook Capital LLC now owns 55,100 shares of the company’s stock worth $2,320,000 after purchasing an additional 5,200 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its position in shares of Valaris by 13.6% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 37,103 shares of the company’s stock worth $1,562,000 after purchasing an additional 4,439 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Valaris during the 2nd quarter worth $309,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

Shares of NYSE:VAL opened at $48.28 on Friday. The company’s fifty day moving average price is $49.57 and its 200 day moving average price is $43.71. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $53.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market capitalization of $3.44 billion, a P/E ratio of 12.57 and a beta of 1.15.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.16 by $0.45. The firm had revenue of $615.20 million for the quarter, compared to analyst estimates of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. Valaris’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the business earned $2.03 EPS. As a group, sell-side analysts predict that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VAL has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of Valaris from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Capital One Financial set a $55.00 price objective on shares of Valaris in a research report on Monday, September 15th. SEB Equity Research set a $45.50 price objective on shares of Valaris in a research report on Monday, September 1st. Wall Street Zen upgraded shares of Valaris from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $48.69.

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.