7,216 Shares in Valaris Limited (NYSE:VAL) Purchased by City Center Advisors LLC

City Center Advisors LLC acquired a new position in Valaris Limited (NYSE:VAL) in the 4th quarter, Holdings Channel reports. The firm acquired 7,216 shares of the company’s stock, valued at approximately $319,000.

Several other large investors have also bought and sold shares of VAL. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Valaris in the 2nd quarter valued at approximately $28,884,000. Dimensional Fund Advisors LP raised its holdings in Valaris by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock worth $88,573,000 after purchasing an additional 225,283 shares in the last quarter. AQR Capital Management LLC raised its holdings in Valaris by 338.5% in the second quarter. AQR Capital Management LLC now owns 236,379 shares of the company’s stock worth $17,426,000 after purchasing an additional 182,467 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Valaris during the second quarter valued at $13,306,000. Finally, Herr Investment Group LLC boosted its holdings in shares of Valaris by 123.3% during the 2nd quarter. Herr Investment Group LLC now owns 235,822 shares of the company’s stock valued at $17,569,000 after buying an additional 130,236 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Price Performance

Shares of NYSE VAL opened at $45.69 on Monday. The firm has a market cap of $3.25 billion, a P/E ratio of 3.14 and a beta of 1.10. Valaris Limited has a twelve month low of $39.90 and a twelve month high of $84.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $45.68 and a 200 day moving average of $56.36.

Analyst Ratings Changes

Several brokerages recently issued reports on VAL. Barclays reiterated an “equal weight” rating and issued a $49.00 price target (down from $59.00) on shares of Valaris in a research note on Wednesday, December 18th. Susquehanna decreased their target price on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Citigroup cut Valaris from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $58.00 to $47.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. started coverage on Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective for the company. Finally, Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Valaris presently has an average rating of “Hold” and an average target price of $64.33.

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.