Valaris Limited (NYSE:VAL) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Valaris Limited (NYSE:VAL) by 3.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,474 shares of the company’s stock after buying an additional 1,117 shares during the period. American Century Companies Inc.’s holdings in Valaris were worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VAL. Quarry LP purchased a new position in shares of Valaris in the 3rd quarter valued at about $25,000. Signaturefd LLC increased its stake in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after purchasing an additional 1,177 shares during the last quarter. Blue Trust Inc. raised its holdings in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after purchasing an additional 511 shares in the last quarter. KBC Group NV lifted its position in shares of Valaris by 63.3% during the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after buying an additional 1,135 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Valaris by 24.3% in the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock valued at $186,000 after buying an additional 821 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Trading Up 15.1 %

Shares of Valaris stock opened at $33.31 on Thursday. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $84.20. The business’s fifty day moving average is $39.38 and its two-hundred day moving average is $45.14. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.37 billion, a PE ratio of 6.48 and a beta of 1.06.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays cut their target price on Valaris from $46.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday. Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Susquehanna decreased their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, February 21st. StockNews.com raised shares of Valaris to a “sell” rating in a report on Thursday, February 20th. Finally, Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Valaris currently has a consensus rating of “Hold” and a consensus target price of $52.50.

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.