Guggenheim Capital LLC boosted its position in Valaris Limited (NYSE:VAL – Free Report) by 48.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,207 shares of the company’s stock after purchasing an additional 14,125 shares during the quarter. Guggenheim Capital LLC owned about 0.06% of Valaris worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in Valaris by 320.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 20,089 shares of the company’s stock valued at $1,307,000 after purchasing an additional 15,312 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Valaris by 88.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,222 shares of the company’s stock valued at $1,771,000 after acquiring an additional 12,806 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Valaris by 3,162.3% during the 1st quarter. Principal Financial Group Inc. now owns 238,735 shares of the company’s stock valued at $15,532,000 after acquiring an additional 231,417 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in shares of Valaris by 4.7% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 37,410 shares of the company’s stock valued at $2,434,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Valaris during the 1st quarter valued at about $574,000. Institutional investors and hedge funds own 89.57% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Valaris from $85.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Barclays upped their price objective on shares of Valaris from $80.00 to $84.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. TheStreet downgraded shares of Valaris from a “b-” rating to a “c” rating in a research note on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on shares of Valaris in a research note on Thursday, May 18th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $95.50.
Valaris Stock Up 0.8 %
VAL opened at $73.60 on Wednesday. The firm has a 50 day moving average price of $70.23 and a 200 day moving average price of $65.77. The company has a market cap of $5.45 billion, a PE ratio of 46.58 and a beta of 1.27. Valaris Limited has a 1 year low of $46.54 and a 1 year high of $80.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.20 and a current ratio of 2.20.
Valaris (NYSE:VAL – Get Free Report) last posted its earnings results on Tuesday, August 1st. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $415.20 million for the quarter. Valaris had a return on equity of 10.00% and a net margin of 7.04%.
Insiders Place Their Bets
In other Valaris news, VP Colleen Grable sold 5,034 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $75.00, for a total value of $377,550.00. Following the completion of the transaction, the vice president now owns 15,074 shares in the company, valued at approximately $1,130,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Hill Advisors Lp Oak sold 4,200,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $73.10, for a total transaction of $307,020,000.00. Following the completion of the transaction, the insider now directly owns 4,766,016 shares in the company, valued at approximately $348,395,769.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Colleen Grable sold 5,034 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $75.00, for a total value of $377,550.00. Following the transaction, the vice president now owns 15,074 shares of the company’s stock, valued at $1,130,550. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.
Valaris Company Profile
Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, South America, the North Sea, the Middle East, Africa, and Asia Pacific.