Valaris Limited (NYSE:VAL) Shares Purchased by Systrade AG

Systrade AG lifted its position in Valaris Limited (NYSE:VAL) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Valaris makes up 2.8% of Systrade AG’s investment portfolio, making the stock its 6th biggest holding. Systrade AG’s holdings in Valaris were worth $1,770,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. 180 Wealth Advisors LLC acquired a new stake in shares of Valaris in the 4th quarter valued at about $409,000. Moody National Bank Trust Division acquired a new stake in Valaris during the 4th quarter worth approximately $416,000. City Center Advisors LLC acquired a new stake in Valaris during the 4th quarter worth approximately $319,000. Retirement Systems of Alabama lifted its position in Valaris by 2.2% during the 3rd quarter. Retirement Systems of Alabama now owns 190,025 shares of the company’s stock worth $10,594,000 after acquiring an additional 4,065 shares during the period. Finally, Franklin Resources Inc. lifted its position in Valaris by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 37,429 shares of the company’s stock worth $1,956,000 after acquiring an additional 1,634 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Stock Performance

NYSE VAL opened at $48.05 on Monday. Valaris Limited has a 1-year low of $39.90 and a 1-year high of $84.20. The company has a market capitalization of $3.42 billion, a P/E ratio of 3.30 and a beta of 1.10. The business has a 50 day moving average price of $45.45 and a 200 day moving average price of $55.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VAL shares. Citigroup cut Valaris from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $58.00 to $47.00 in a research report on Monday, December 9th. 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. JPMorgan Chase & Co. started coverage on Valaris in a report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target for the company. Barclays reissued an “equal weight” rating and issued a $49.00 price target (down from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Finally, Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, Valaris currently has an average rating of “Hold” and a consensus price target of $56.67.

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.