Blue Trust Inc. Grows Stock Holdings in Valaris Limited (NYSE:VAL)

Blue Trust Inc. lifted its stake in shares of Valaris Limited (NYSE:VAL) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,758 shares of the company’s stock after acquiring an additional 511 shares during the quarter. Blue Trust Inc.’s holdings in Valaris were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Drive Wealth Management LLC boosted its position in Valaris by 26.4% during the 4th quarter. Drive Wealth Management LLC now owns 9,054 shares of the company’s stock valued at $401,000 after acquiring an additional 1,893 shares in the last quarter. Systrade AG boosted its holdings in shares of Valaris by 100.0% in the 4th quarter. Systrade AG now owns 40,000 shares of the company’s stock valued at $1,770,000 after buying an additional 20,000 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Valaris in the 4th quarter worth approximately $409,000. Moody National Bank Trust Division bought a new position in shares of Valaris during the 4th quarter worth approximately $416,000. Finally, City Center Advisors LLC acquired a new stake in shares of Valaris in the 4th quarter worth $319,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Trading Down 1.2 %

Shares of NYSE:VAL opened at $45.87 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50 day moving average price is $45.40 and its 200-day moving average price is $53.05. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 3.15 and a beta of 1.10. Valaris Limited has a 1 year low of $39.90 and a 1 year high of $84.20.

Analyst Ratings Changes

VAL has been the topic of a number of research analyst reports. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Barclays reiterated an “equal weight” rating and issued a $49.00 price target (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Susquehanna decreased their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Citigroup boosted their price objective on Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, Valaris presently has an average rating of “Hold” and an average price target of $56.83.

Valaris 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.