Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Valaris Limited (NYSE:VAL – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $243,000.
A number of other large investors also recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Valaris during the 3rd quarter worth $25,000. Blue Trust Inc. grew its position in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after acquiring an additional 511 shares during the period. Saturna Capital Corp increased its stake in Valaris by 4.8% during the third quarter. Saturna Capital Corp now owns 13,290 shares of the company’s stock worth $741,000 after acquiring an additional 604 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Valaris by 4.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 15,651 shares of the company’s stock worth $873,000 after purchasing an additional 604 shares during the period. Finally, Sigma Planning Corp lifted its stake in shares of Valaris by 16.5% in the 3rd quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock valued at $264,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on VAL. Citigroup increased their target price on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. 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 price objective for the company. Barclays restated an “equal weight” rating and set a $49.00 target price (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Susquehanna lowered their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.83.
Valaris Stock Performance
Valaris stock opened at $45.87 on Monday. Valaris Limited has a 12-month low of $39.90 and a 12-month high of $84.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 3.15 and a beta of 1.10. The firm’s fifty day moving average price is $45.39 and its 200 day moving average price is $52.64.
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.
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