Valaris Limited (NYSE:VAL) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Valaris Limited (NYSE:VAL) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 793,593 shares of the company’s stock after selling 3,467 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.12% of Valaris worth $35,109,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Valaris during the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its stake in Valaris by 41.0% during the 4th 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. KBC Group NV boosted its stake in Valaris by 63.3% during the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after purchasing an additional 1,135 shares in the last quarter. Spire Wealth Management boosted its stake in Valaris by 24.3% during the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock valued at $186,000 after purchasing an additional 821 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Valaris during the 3rd quarter valued at $244,000. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

NYSE VAL opened at $38.39 on Monday. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The stock’s 50-day moving average is $43.66 and its two-hundred day moving average is $47.74. 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 firm has a market cap of $2.73 billion, a P/E ratio of 7.47 and a beta of 1.16.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $578.01 million. On average, analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Susquehanna reduced their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. StockNews.com raised Valaris to a “sell” rating in a research note on Thursday, February 20th. 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. Citigroup raised their price objective on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Valaris presently has a consensus rating of “Hold” and an average target price of $55.00.

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.