180 Wealth Advisors LLC Purchases New Shares in Valaris Limited (NYSE:VAL)

180 Wealth Advisors LLC acquired a new position in shares of Valaris Limited (NYSE:VAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,248 shares of the company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in Valaris during the third quarter worth about $25,000. Choreo LLC bought a new position in shares of Valaris during the second quarter worth approximately $204,000. Evergreen Capital Management LLC acquired a new stake in shares of Valaris in the second quarter valued at approximately $204,000. Scientech Research LLC acquired a new stake in shares of Valaris in the second quarter valued at approximately $211,000. Finally, SkyView Investment Advisors LLC bought a new stake in shares of Valaris in the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Up 4.7 %

VAL stock opened at $48.50 on Wednesday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 3.33 and a beta of 1.10. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $45.59 and a 200-day moving average price of $55.99. Valaris Limited has a 12 month low of $39.90 and a 12 month high of $84.20.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays restated an “equal weight” rating and set a $49.00 price objective (down previously from $59.00) on shares of Valaris in a research note on Wednesday, December 18th. Benchmark downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective for the company. Susquehanna decreased their target price on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Citigroup lowered shares of Valaris from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $58.00 to $47.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Valaris currently has an average rating of “Hold” and an average target price of $64.33.

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.