Diversify Advisory Services LLC Purchases 17,690 Shares of Valaris Limited (NYSE:VAL)

Diversify Advisory Services LLC increased its holdings in shares of Valaris Limited (NYSE:VAL) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,572 shares of the company’s stock after purchasing an additional 17,690 shares during the period. Diversify Advisory Services LLC’s holdings in Valaris were worth $7,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in Valaris by 180.8% during the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after purchasing an additional 235 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Valaris in the first quarter valued at about $149,000. Choreo LLC bought a new position in Valaris in the 2nd quarter valued at about $204,000. Evergreen Capital Management LLC bought a new position in shares of Valaris during the second quarter worth approximately $204,000. Finally, Scientech Research LLC bought a new position in Valaris during the 2nd quarter worth $211,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VAL shares. Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Citigroup dropped their price target on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Pickering Energy Partners downgraded Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. Barclays cut their target price on Valaris from $91.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Finally, Susquehanna lowered their price objective on Valaris from $62.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Valaris presently has a consensus rating of “Hold” and a consensus target price of $81.33.

Valaris Stock Down 1.1 %

NYSE:VAL traded down $0.53 on Tuesday, hitting $49.06. The stock had a trading volume of 7,230 shares, compared to its average volume of 1,017,712. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49. Valaris Limited has a 52 week low of $48.63 and a 52 week high of $84.20. The business’s fifty day moving average is $55.50 and its 200 day moving average is $66.35. The company has a market cap of $3.57 billion, a PE ratio of 3.58 and a beta of 1.15.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $0.96 by $1.07. The firm had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. Valaris had a return on equity of 12.58% and a net margin of 49.33%. On average, equities research analysts expect that Valaris Limited will post 4.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now directly owns 13,334 shares in the company, valued at approximately $755,237.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the sale, the senior vice president now owns 24,388 shares of the company’s stock, valued at $1,360,118.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Davor Vukadin sold 15,403 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.64, for a total value of $872,425.92. Following the sale, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,403 shares of company stock valued at $4,028,246. Corporate insiders own 0.12% of the company’s stock.

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.