28,000 Shares in Valaris Limited (NYSE:VAL) Purchased by TLS Advisors LLC

TLS Advisors LLC purchased a new stake in Valaris Limited (NYSE:VAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,000 shares of the company’s stock, valued at approximately $1,239,000. Valaris comprises 2.8% of TLS Advisors LLC’s investment portfolio, making the stock its 9th largest position.

Other hedge funds have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its stake in shares of Valaris by 3.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,622 shares of the company’s stock valued at $735,000 after buying an additional 556 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Valaris by 15.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 10,253 shares of the company’s stock valued at $454,000 after acquiring an additional 1,393 shares during the last quarter. X Square Capital LLC grew its holdings in Valaris by 69.6% during the 4th quarter. X Square Capital LLC now owns 26,063 shares of the company’s stock worth $1,153,000 after acquiring an additional 10,693 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Valaris in the 4th quarter worth about $176,000. Finally, Norges Bank acquired a new stake in shares of Valaris in the 4th quarter valued at about $31,949,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

VAL opened at $39.44 on Friday. Valaris Limited has a 52-week low of $31.15 and a 52-week high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The stock has a 50-day moving average of $42.25 and a 200-day moving average of $46.62. The company has a market cap of $2.80 billion, a PE ratio of 7.67 and a beta of 1.16.

Valaris (NYSE:VAL) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. As a group, equities research analysts forecast that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on VAL. Barclays decreased their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. initiated coverage on Valaris in a report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target for the company. StockNews.com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, Citigroup dropped their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Valaris currently has a consensus rating of “Hold” and an average target price of $54.33.

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.