New Age Alpha Advisors LLC Purchases New Stake in Valaris Limited (NYSE:VAL)

New Age Alpha Advisors LLC acquired a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,989 shares of the company’s stock, valued at approximately $176,000.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Valaris during the 4th quarter valued at about $31,949,000. River Road Asset Management LLC boosted its holdings in Valaris by 178.9% in the 4th quarter. River Road Asset Management LLC now owns 409,196 shares of the company’s stock valued at $18,103,000 after purchasing an additional 262,468 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Valaris in the 4th quarter valued at approximately $10,578,000. Packer & Co Ltd acquired a new stake in shares of Valaris during the 4th quarter worth approximately $8,981,000. Finally, State Street Corp raised its position in shares of Valaris by 4.8% during the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after buying an additional 112,216 shares during the period. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Trading Down 1.4 %

Shares of VAL stock opened at $40.07 on Thursday. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The company has a 50 day moving average price of $41.75 and a 200 day moving average price of $46.26. The stock has a market capitalization of $2.85 billion, a P/E ratio of 7.80 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on VAL. Citigroup cut their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. StockNews.com upgraded shares of Valaris to a “sell” rating in a report on Thursday, February 20th. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Barclays dropped their price target on shares of Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Finally, Susquehanna decreased 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.33.

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.