Moody National Bank Trust Division Invests $416,000 in Valaris Limited (NYSE:VAL)

Moody National Bank Trust Division acquired a new position in shares of Valaris Limited (NYSE:VAL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,395 shares of the company’s stock, valued at approximately $416,000.

A number of other large investors have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Valaris during the 2nd quarter valued at approximately $28,884,000. Dimensional Fund Advisors LP lifted its stake in Valaris by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock valued at $88,573,000 after buying an additional 225,283 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Valaris by 338.5% during the second quarter. AQR Capital Management LLC now owns 236,379 shares of the company’s stock valued at $17,426,000 after acquiring an additional 182,467 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Valaris during the second quarter worth about $13,306,000. Finally, Herr Investment Group LLC increased its holdings in shares of Valaris by 123.3% in the 2nd quarter. Herr Investment Group LLC now owns 235,822 shares of the company’s stock worth $17,569,000 after acquiring an additional 130,236 shares during the period. Institutional investors own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Citigroup lowered Valaris from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $58.00 to $47.00 in a report on Monday, December 9th. JPMorgan Chase & Co. started coverage on Valaris in a research note on Friday, December 6th. They set an “underweight” rating and a $40.00 target price on the stock. Barclays reissued an “equal weight” rating and issued a $49.00 price target (down previously from $59.00) on shares of Valaris in a research note on Wednesday, December 18th. Finally, Susquehanna cut their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.33.

Valaris Trading Up 4.7 %

Shares of NYSE VAL opened at $48.50 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. Valaris Limited has a 12 month low of $39.90 and a 12 month high of $84.20. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 3.33 and a beta of 1.10. The business has a fifty day simple moving average of $45.59 and a 200-day simple moving average of $55.99.

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.