180 Wealth Advisors LLC Grows Stock Position in Valaris Limited $VAL

180 Wealth Advisors LLC raised its position in Valaris Limited (NYSE:VAL) by 66.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,282 shares of the company’s stock after purchasing an additional 10,906 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Valaris were worth $1,149,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Valaris by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,761,369 shares of the company’s stock worth $108,412,000 after purchasing an additional 460,792 shares during the period. Dalal Street LLC purchased a new position in shares of Valaris in the 1st quarter worth about $56,046,000. Waverton Investment Management Ltd raised its holdings in shares of Valaris by 49.7% in the 1st quarter. Waverton Investment Management Ltd now owns 1,131,601 shares of the company’s stock worth $44,455,000 after purchasing an additional 375,466 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Valaris by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 813,871 shares of the company’s stock worth $31,953,000 after purchasing an additional 20,278 shares during the period. Finally, Tensile Capital Management LP purchased a new position in shares of Valaris in the 1st quarter worth about $25,912,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Price Performance

Shares of NYSE VAL opened at $56.73 on Friday. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $58.14. The business has a 50 day moving average price of $50.13 and a two-hundred day moving average price of $44.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. The firm has a market cap of $4.04 billion, a PE ratio of 14.77 and a beta of 1.15.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna raised their price objective on Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. SEB Equity Research set a $45.50 target price on Valaris in a research note on Monday, September 1st. Clarkson Capital lowered Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price for the company. in a research note on Tuesday, September 2nd. Fearnley Fonds lowered Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, BTIG Research reiterated a “buy” rating on shares of Valaris in a research note on Monday, July 14th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $48.69.

Valaris Company 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.