Valaris Limited (NYSE:VAL) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in Valaris Limited (NYSE:VAL) by 272.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,971 shares of the company’s stock after purchasing an additional 8,028 shares during the period. OneDigital Investment Advisors LLC’s holdings in Valaris were worth $612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VAL. Lingotto Investment Management LLP grew its stake in shares of Valaris by 1.2% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,040,610 shares of the company’s stock worth $226,525,000 after purchasing an additional 36,870 shares during the period. Marshall Wace LLP increased its stake in shares of Valaris by 5.9% during the second quarter. Marshall Wace LLP now owns 1,882,846 shares of the company’s stock worth $140,272,000 after purchasing an additional 105,330 shares in the last quarter. Condire Management LP lifted its position in shares of Valaris by 14.7% in the first quarter. Condire Management LP now owns 1,452,097 shares of the company’s stock valued at $109,285,000 after acquiring an additional 186,076 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Valaris by 23.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock valued at $88,573,000 after purchasing an additional 225,283 shares in the last quarter. Finally, Waverton Investment Management Ltd boosted its stake in Valaris by 20.4% during the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock worth $37,412,000 after purchasing an additional 113,509 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Insider Buying and Selling

In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the sale, the senior vice president now owns 24,388 shares of the company’s stock, valued at approximately $1,360,118.76. This represents a 51.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.64, for a total value of $872,425.92. Following the transaction, the senior vice president now directly owns 13,334 shares of the company’s stock, valued at $755,237.76. This trade represents a 53.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,403 shares of company stock valued at $4,028,246 over the last three months. 0.12% of the stock is currently owned by company insiders.

Valaris Price Performance

Shares of VAL opened at $47.19 on Thursday. Valaris Limited has a fifty-two week low of $46.03 and a fifty-two week high of $84.20. The firm has a 50-day simple moving average of $52.22 and a 200-day simple moving average of $64.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 3.24 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VAL shares. Barclays lowered their price target on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Benchmark downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Susquehanna lowered their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Citigroup reduced their price objective on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $80.00.

About Valaris

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.