KBC Group NV Has $130,000 Stock Holdings in Valaris Limited (NYSE:VAL)

KBC Group NV raised its stake in shares of Valaris Limited (NYSE:VAL) by 63.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,929 shares of the company’s stock after buying an additional 1,135 shares during the period. KBC Group NV’s holdings in Valaris were worth $130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Centiva Capital LP acquired a new stake in Valaris during the third quarter valued at $930,000. XTX Topco Ltd purchased a new stake in shares of Valaris during the 3rd quarter worth about $1,862,000. Diversify Advisory Services LLC lifted its holdings in shares of Valaris by 14.8% during the 3rd quarter. Diversify Advisory Services LLC now owns 137,572 shares of the company’s stock valued at $7,670,000 after buying an additional 17,690 shares during the last quarter. Waverton Investment Management Ltd grew its stake in shares of Valaris by 20.4% in the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after buying an additional 113,509 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in Valaris by 19.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 31,391 shares of the company’s stock worth $1,750,000 after buying an additional 5,184 shares during the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on VAL shares. Barclays reiterated an “equal weight” rating and issued a $49.00 target price (down from $59.00) on shares of Valaris in a research note on Wednesday, December 18th. JPMorgan Chase & Co. began coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price objective for the company. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Susquehanna lowered their price objective on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $56.83.

Valaris Trading Down 2.5 %

Shares of NYSE:VAL opened at $46.42 on Friday. 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 stock’s 50-day moving average is $45.38 and its 200-day moving average is $53.10. The company has a market cap of $3.30 billion, a P/E ratio of 3.19 and a beta of 1.10. Valaris Limited has a 52-week low of $39.90 and a 52-week high of $84.20.

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.