New Age Alpha Advisors LLC Acquires Shares of 3,989 Valaris Limited (NYSE:VAL)

New Age Alpha Advisors LLC acquired a new position in shares of Valaris Limited (NYSE:VAL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,989 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VAL. Lingotto Investment Management LLP boosted its position in shares of Valaris by 2.5% during the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock worth $160,910,000 after acquiring an additional 87,420 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Valaris during the fourth quarter worth approximately $611,000. Centiva Capital LP acquired a new position in Valaris in the third quarter valued at approximately $930,000. XTX Topco Ltd purchased a new position in Valaris in the third quarter valued at approximately $1,862,000. Finally, Waverton Investment Management Ltd raised its holdings in Valaris by 12.7% during the fourth quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company’s stock worth $33,451,000 after purchasing an additional 85,250 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VAL shares. Susquehanna dropped their target price on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Barclays decreased their target price on Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. StockNews.com upgraded Valaris to a “sell” rating in a research note on Thursday, February 20th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, Valaris presently has an average rating of “Hold” and a consensus price target of $54.33.

Valaris Trading Down 1.4 %

Shares of VAL stock opened at $40.07 on Thursday. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.80 and a beta of 1.16. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $41.75 and its two-hundred day moving average is $46.26. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20.

Valaris (NYSE:VAL) last posted its quarterly earnings data 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 firm had revenue of $584.40 million for 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%. Equities analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

About Valaris

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.