Aigen Investment Management LP Makes New Investment in Valaris Limited (NYSE:VAL)

Aigen Investment Management LP bought a new position in shares of Valaris Limited (NYSE:VAL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,807 shares of the company’s stock, valued at approximately $611,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. M&T Bank Corp boosted its stake in Valaris by 31.9% during the 4th quarter. M&T Bank Corp now owns 8,036 shares of the company’s stock worth $356,000 after purchasing an additional 1,944 shares during the last quarter. Deuterium Capital Management LLC boosted its stake in Valaris by 138.1% during the 4th quarter. Deuterium Capital Management LLC now owns 10,000 shares of the company’s stock worth $442,000 after purchasing an additional 5,800 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Valaris by 94.4% during the 4th quarter. Victory Capital Management Inc. now owns 11,980 shares of the company’s stock worth $530,000 after acquiring an additional 5,816 shares during the period. State of Michigan Retirement System raised its holdings in shares of Valaris by 3.3% during the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $686,000 after acquiring an additional 500 shares during the period. Finally, Hosking Partners LLP raised its holdings in shares of Valaris by 33.6% during the 4th quarter. Hosking Partners LLP now owns 341,842 shares of the company’s stock worth $15,123,000 after acquiring an additional 85,891 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Valaris to a “sell” rating in a report on Thursday, February 20th. Barclays reduced their price objective on shares of Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Susquehanna reduced their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup boosted their price objective on shares of Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and reduced their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Valaris presently has an average rating of “Hold” and a consensus price target of $55.00.

Valaris Stock Up 2.4 %

Shares of NYSE:VAL opened at $34.81 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The firm has a market capitalization of $2.47 billion, a PE ratio of 6.77 and a beta of 1.16. The firm’s 50-day moving average is $44.44 and its two-hundred day moving average is $48.96. Valaris Limited has a 1 year low of $31.15 and a 1 year high of $84.20.

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

Valaris 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.