Valaris Limited (NYSE:VAL) Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC raised its stake in shares of Valaris Limited (NYSE:VAL) by 121.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,684 shares of the company’s stock after purchasing an additional 6,398 shares during the quarter. Kestra Investment Management LLC’s holdings in Valaris were worth $517,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of Valaris in the third quarter worth $25,000. Blue Trust Inc. increased its stake in shares of Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after acquiring an additional 511 shares during the period. KBC Group NV increased its stake in shares of Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after acquiring an additional 1,135 shares during the period. Spire Wealth Management increased its stake in shares of Valaris by 24.3% in the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after acquiring an additional 821 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Valaris in the third quarter worth $244,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

VAL opened at $44.82 on Wednesday. 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 market cap of $3.19 billion, a price-to-earnings ratio of 3.08 and a beta of 1.10. Valaris Limited has a 52-week low of $39.90 and a 52-week high of $84.20. The firm’s fifty day simple moving average is $45.51 and its two-hundred day simple moving average is $50.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VAL shares. JPMorgan Chase & Co. started coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price objective on the stock. Citigroup increased their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Susquehanna dropped their price target on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, Barclays restated an “equal weight” rating and set a $49.00 price target (down previously from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Valaris presently has an average rating of “Hold” and a consensus price target of $56.83.

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.