Valaris Limited (NYSE:VAL) Position Reduced by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. reduced its position in shares of Valaris Limited (NYSE:VAL) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after selling 7,700 shares during the period. Anthracite Investment Company Inc.’s holdings in Valaris were worth $1,106,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VAL. Quarry LP bought a new stake in Valaris in the third quarter worth about $25,000. Signaturefd LLC lifted its position in Valaris by 395.0% in the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock worth $65,000 after buying an additional 1,177 shares in the last quarter. Blue Trust Inc. boosted its position in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares during the last quarter. KBC Group NV increased its holdings in Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after buying an additional 1,135 shares during the last quarter. Finally, Spire Wealth Management increased its stake in shares of Valaris by 24.3% during the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after purchasing an additional 821 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Down 1.1 %

NYSE:VAL opened at $39.64 on Wednesday. Valaris Limited has a 1-year low of $31.15 and a 1-year high of $84.20. The firm’s 50-day moving average price is $42.77 and its 200-day moving average price is $46.82. The company has a market capitalization of $2.82 billion, a PE ratio of 7.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.20 by $0.68. The firm had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. On average, equities analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on VAL shares. Evercore ISI downgraded Valaris from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. StockNews.com upgraded Valaris to a “sell” rating in a report on Thursday, February 20th. Barclays dropped their target price on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 25th. Susquehanna dropped their price target on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.33.

Valaris Company 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.