Edgestream Partners L.P. Has $5.38 Million Stock Position in Valaris Limited (NYSE:VAL)

Edgestream Partners L.P. raised its position in Valaris Limited (NYSE:VAL) by 106.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 121,524 shares of the company’s stock after acquiring an additional 62,603 shares during the period. Edgestream Partners L.P. owned approximately 0.17% of Valaris worth $5,376,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VAL shares. Susquehanna cut their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup boosted their price target on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Barclays decreased their price objective on shares of 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 downgraded Valaris from an “outperform” rating to an “in-line” rating and cut their target price for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. started coverage on Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Valaris has a consensus rating of “Hold” and a consensus target price of $55.00.

Valaris Trading Up 7.3 %

Shares of VAL stock opened at $37.38 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.65 billion, a P/E ratio of 7.27 and a beta of 1.16. The company has a 50 day moving average of $44.44 and a 200-day moving average of $48.96. Valaris Limited has a 12-month low of $31.15 and a 12-month high of $84.20.

Valaris (NYSE:VAL) last issued its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Sell-side analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current year.

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.