Valaris Limited (NYSE:VAL) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its holdings in shares of Valaris Limited (NYSE:VAL) by 5.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 340,979 shares of the company’s stock after selling 21,560 shares during the quarter. River Road Asset Management LLC’s holdings in Valaris were worth $23,381,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VAL. Hosking Partners LLP increased its stake in shares of Valaris by 13.0% in the third quarter. Hosking Partners LLP now owns 255,275 shares of the company’s stock worth $19,141,000 after buying an additional 29,336 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Valaris by 92.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 79,674 shares of the company’s stock worth $5,463,000 after purchasing an additional 38,367 shares during the last quarter. Lancaster Investment Management bought a new stake in shares of Valaris in the 4th quarter worth about $27,436,000. Tudor Investment Corp Et Al raised its stake in shares of Valaris by 567.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company’s stock valued at $5,883,000 after purchasing an additional 66,700 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Valaris by 11.3% during the third quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock worth $127,792,000 after purchasing an additional 172,780 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Trading Down 2.0 %

NYSE:VAL opened at $67.95 on Thursday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 5.81 and a beta of 1.13. The business has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $68.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.71. Valaris Limited has a 12-month low of $54.13 and a 12-month high of $78.92.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.32. The company had revenue of $483.80 million for the quarter, compared to analysts’ expectations of $484.00 million. Valaris had a return on equity of 5.71% and a net margin of 48.50%. Equities research analysts predict that Valaris Limited will post 4.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VAL shares. Barclays lowered their price objective on Valaris from $105.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, March 5th. Evercore ISI dropped their price target on Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. StockNews.com raised shares of Valaris to a “sell” rating in a report on Friday, March 15th. Finally, TheStreet upgraded shares of Valaris from a “c” rating to a “b-” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, Valaris presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

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.