Valaris Limited (NYSE:VAL) Holdings Lifted by Deuterium Capital Management LLC

Deuterium Capital Management LLC increased its holdings in Valaris Limited (NYSE:VAL) by 138.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the company’s stock after acquiring an additional 5,800 shares during the period. Valaris comprises about 1.2% of Deuterium Capital Management LLC’s holdings, making the stock its 11th largest holding. Deuterium Capital Management LLC’s holdings in Valaris were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Valaris during the 3rd quarter valued at $25,000. Blue Trust Inc. raised its holdings in shares of Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after acquiring an additional 511 shares in the last quarter. KBC Group NV boosted its position in Valaris by 63.3% during the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after purchasing an additional 1,135 shares during the last quarter. Spire Wealth Management grew its stake in Valaris by 24.3% in the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock valued at $186,000 after purchasing an additional 821 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Valaris in the 4th quarter worth about $243,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Performance

Shares of VAL opened at $33.87 on Wednesday. The company has a market capitalization of $2.41 billion, a PE ratio of 6.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris Limited has a one year low of $31.15 and a one year high of $84.20. The company’s fifty day moving average price is $44.70 and its 200 day moving average price is $49.17.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. As a group, analysts expect that Valaris Limited will post 3.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VAL shares. Barclays lowered 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. Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th. Susquehanna dropped their price target on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Citigroup lifted their price objective on shares of Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Valaris currently has an average rating of “Hold” and a consensus price target of $55.00.

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.