Valaris Limited (NYSE:VAL) Shares Sold by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. decreased its position in Valaris Limited (NYSE:VAL) by 23.5% during the 4th quarter, Holdings Channel reports. The fund owned 25,000 shares of the company’s stock after selling 7,700 shares during the quarter. Anthracite Investment Company Inc.’s holdings in Valaris were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of VAL. Quarry LP purchased a new position in Valaris during the third quarter worth $25,000. Signaturefd LLC raised its position in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after purchasing an additional 1,177 shares during the period. Blue Trust Inc. lifted its position 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 purchasing an additional 511 shares in the last quarter. KBC Group NV grew its stake in Valaris by 63.3% during the 4th 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 in the last quarter. Finally, Spire Wealth Management raised its stake in shares of Valaris by 24.3% in the 4th 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. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Trading Down 1.1 %

Shares of VAL stock opened at $39.64 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The company has a market cap of $2.82 billion, a PE ratio of 7.71 and a beta of 1.16. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The stock’s fifty day moving average price is $42.77 and its two-hundred day moving average price is $46.82.

Valaris (NYSE:VAL) last released its quarterly earnings data 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 company had revenue of $584.40 million during the quarter, compared to the consensus estimate of $578.01 million. Equities analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on VAL shares. Citigroup lowered their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Barclays reduced their price objective 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 Valaris from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th. StockNews.com raised shares of Valaris to a “sell” rating in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.33.

About Valaris

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.