19,780 Shares in Valaris Limited (NYSE:VAL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Valaris Limited (NYSE:VAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,780 shares of the company’s stock, valued at approximately $875,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lingotto Investment Management LLP lifted its stake in shares of Valaris by 2.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock valued at $160,910,000 after buying an additional 87,420 shares during the period. Aigen Investment Management LP acquired a new position in Valaris in the 4th quarter valued at approximately $611,000. Centiva Capital LP bought a new stake in shares of Valaris in the 3rd quarter worth approximately $930,000. XTX Topco Ltd acquired a new stake in shares of Valaris during the 3rd quarter worth approximately $1,862,000. Finally, Waverton Investment Management Ltd increased its position in shares of Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company’s stock valued at $33,451,000 after purchasing an additional 85,250 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Trading Down 14.5 %

VAL stock opened at $29.49 on Friday. The business has a fifty day moving average price of $41.07 and a 200 day moving average price of $46.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris Limited has a fifty-two week low of $29.40 and a fifty-two week high of $84.20. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 5.74 and a beta of 1.16.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. Analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VAL. Susquehanna reduced their target price on Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. initiated coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 target price on the stock. Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th. StockNews.com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Finally, Barclays lowered their price objective on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $54.33.

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.