64,194 Shares in Valaris Limited (NYSE:VAL) Acquired by Symmetry Investments LP

Symmetry Investments LP bought a new position in Valaris Limited (NYSE:VAL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 64,194 shares of the company’s stock, valued at approximately $4,782,000. Symmetry Investments LP owned approximately 0.09% of Valaris at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VAL. Lee Johnson Capital Management LLC bought a new stake in Valaris in the 1st quarter worth approximately $7,355,000. Norges Bank purchased a new stake in Valaris during the fourth quarter valued at $43,282,000. Dimensional Fund Advisors LP lifted its holdings in Valaris by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 870,063 shares of the company’s stock valued at $59,662,000 after acquiring an additional 135,753 shares during the period. SG Americas Securities LLC boosted its position in Valaris by 699.3% in the first quarter. SG Americas Securities LLC now owns 16,881 shares of the company’s stock worth $1,270,000 after purchasing an additional 14,769 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Valaris in the first quarter worth about $8,743,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Price Performance

Shares of Valaris stock opened at $55.31 on Friday. The stock’s 50-day simple moving average is $65.15 and its 200-day simple moving average is $69.80. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 4.84 and a beta of 1.17. Valaris Limited has a 52 week low of $53.06 and a 52 week high of $84.20. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $1.07. Valaris had a net margin of 49.33% and a return on equity of 12.58%. The business had revenue of $610.10 million during the quarter, compared to analyst estimates of $545.00 million. As a group, analysts expect that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on VAL. Pickering Energy Partners downgraded shares of Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. Citigroup cut their price objective on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Benchmark reaffirmed a “buy” rating and issued a $90.00 target price on shares of Valaris in a report on Monday, August 5th. Finally, Barclays reduced their price target on Valaris from $98.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Valaris has a consensus rating of “Moderate Buy” and a consensus price target of $91.40.

Insider Buying and Selling at Valaris

In other Valaris news, SVP Davor Vukadin sold 15,403 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the transaction, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $755,237.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the completion of the sale, the chief operating officer now directly owns 108,342 shares in the company, valued at $6,160,326.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the transaction, the senior vice president now owns 13,334 shares in the company, valued at $755,237.76. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by insiders.

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.