Aigen Investment Management LP Invests $611,000 in Valaris Limited (NYSE:VAL)

Aigen Investment Management LP acquired a new position in shares of Valaris Limited (NYSE:VAL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 13,807 shares of the company’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Valaris in the third quarter valued at approximately $25,000. State of Michigan Retirement System boosted its holdings in Valaris by 3.3% in the fourth quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock valued at $686,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. boosted its holdings in Valaris by 41.0% in 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 in the last quarter. Saturna Capital Corp boosted its holdings in Valaris by 4.8% in the third quarter. Saturna Capital Corp now owns 13,290 shares of the company’s stock valued at $741,000 after purchasing an additional 604 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Valaris by 4.0% in the third quarter. Thrivent Financial for Lutherans now owns 15,651 shares of the company’s stock valued at $873,000 after purchasing an additional 604 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Price Performance

Valaris stock opened at $34.81 on Friday. Valaris Limited has a 12 month low of $31.15 and a 12 month high of $84.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The business has a 50 day simple moving average of $44.44 and a 200-day simple moving average of $48.96. The stock has a market capitalization of $2.47 billion, a PE ratio of 6.77 and a beta of 1.16.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The business had revenue of $584.40 million during the quarter, compared to analysts’ expectations of $578.01 million. Equities analysts predict that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Susquehanna lowered their price target on Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Citigroup upped their price target on Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Barclays reduced their price objective on Valaris from $49.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. StockNews.com upgraded Valaris to a “sell” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. started coverage on Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.00.

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.