Valaris Limited (NYSE:VAL) Stock Holdings Increased by Hara Capital LLC

Hara Capital LLC grew its position in shares of Valaris Limited (NYSE:VAL) by 65.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 94,193 shares of the company’s stock after acquiring an additional 37,158 shares during the quarter. Valaris comprises approximately 2.7% of Hara Capital LLC’s holdings, making the stock its 6th largest holding. Hara Capital LLC owned 0.13% of Valaris worth $4,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VAL. State Street Corp lifted its position in Valaris by 4.8% during the third quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after purchasing an additional 112,216 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Valaris by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company’s stock valued at $84,736,000 after buying an additional 66,229 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Valaris by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company’s stock valued at $44,436,000 after buying an additional 29,031 shares in the last quarter. Waverton Investment Management Ltd lifted its holdings in shares of Valaris by 20.4% in the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after acquiring an additional 113,509 shares during the last quarter. Finally, Fiera Capital Corp grew its position in Valaris by 2.3% in the third quarter. Fiera Capital Corp now owns 283,854 shares of the company’s stock worth $15,825,000 after acquiring an additional 6,330 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VAL has been the topic of a number of recent research reports. Susquehanna decreased their price objective on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Barclays reissued an “equal weight” rating and set a $49.00 target price (down previously from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. JPMorgan Chase & Co. initiated coverage on Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target for the company. Citigroup boosted their price objective on shares of Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Evercore ISI downgraded 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. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.83.

Valaris Price Performance

VAL opened at $44.50 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $45.52 and a 200 day moving average of $51.12. Valaris Limited has a 52-week low of $39.90 and a 52-week high of $84.20. The stock has a market cap of $3.16 billion, a P/E ratio of 3.06 and a beta of 1.10.

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.