Goehring & Rozencwajg Associates LLC Sells 6,454 Shares of Valaris Limited (NYSE:VAL)

Goehring & Rozencwajg Associates LLC lessened its holdings in shares of Valaris Limited (NYSE:VAL) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 167,230 shares of the company’s stock after selling 6,454 shares during the period. Valaris comprises approximately 1.4% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 29th largest holding. Goehring & Rozencwajg Associates LLC’s holdings in Valaris were worth $6,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Waverton Investment Management Ltd lifted its stake in Valaris by 20.4% in the third quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after buying an additional 113,509 shares in the last quarter. State Street Corp lifted its position in Valaris by 4.8% in the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after acquiring an additional 112,216 shares in the last quarter. Intech Investment Management LLC bought a new stake in Valaris in the 3rd quarter valued at $3,940,000. Geode Capital Management LLC boosted its stake in Valaris by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company’s stock worth $84,736,000 after purchasing an additional 66,229 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Valaris during the 3rd quarter worth about $3,285,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Performance

Shares of VAL stock opened at $45.87 on Friday. The company has a fifty day moving average price of $45.40 and a two-hundred day moving average price of $53.05. Valaris Limited has a one year low of $39.90 and a one year high of $84.20. The stock has a market cap of $3.26 billion, a P/E ratio of 3.15 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays restated 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. Susquehanna decreased their price target on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price for the company. Finally, Citigroup increased their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.83.

Valaris Company 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.