Deane Retirement Strategies Inc. Has $1.90 Million Stock Holdings in Valaris Limited (NYSE:VAL)

Deane Retirement Strategies Inc. boosted its holdings in shares of Valaris Limited (NYSE:VAL) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,984 shares of the company’s stock after buying an additional 2,480 shares during the period. Deane Retirement Strategies Inc. owned approximately 0.06% of Valaris worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Centiva Capital LP purchased a new stake in shares of Valaris in the third quarter worth approximately $930,000. XTX Topco Ltd purchased a new stake in Valaris in the 3rd quarter worth approximately $1,862,000. Diversify Advisory Services LLC boosted its stake in shares of Valaris by 14.8% during the 3rd quarter. Diversify Advisory Services LLC now owns 137,572 shares of the company’s stock valued at $7,670,000 after buying an additional 17,690 shares during the period. Waverton Investment Management Ltd boosted its stake in shares of Valaris by 20.4% during the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after buying an additional 113,509 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Valaris by 19.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 31,391 shares of the company’s stock valued at $1,750,000 after acquiring an additional 5,184 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Trading Down 2.2 %

Shares of VAL stock opened at $47.50 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 business’s 50 day moving average is $45.33 and its two-hundred day moving average is $54.22. The company has a market cap of $3.38 billion, a PE ratio of 3.26 and a beta of 1.10. Valaris Limited has a 12 month low of $39.90 and a 12 month high of $84.20.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.48). Valaris had a net margin of 47.52% and a return on equity of 13.67%. The business had revenue of $643.10 million during the quarter, compared to analyst estimates of $588.00 million. During the same period in the prior year, the business posted $0.17 earnings per share. Equities analysts predict that Valaris Limited will post 4.59 EPS for the current year.

Analysts Set New Price Targets

VAL has been the subject of a number of research reports. Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Susquehanna reduced their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Barclays restated an “equal weight” rating and issued a $49.00 price objective (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.67.

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.