Strs Ohio Sells 2,500 Shares of Valaris Limited (NYSE:VAL)

Strs Ohio lowered its stake in Valaris Limited (NYSE:VAL) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,900 shares of the company’s stock after selling 2,500 shares during the period. Strs Ohio’s holdings in Valaris were worth $1,158,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in Valaris by 120.1% in the third quarter. Fifth Third Bancorp now owns 394 shares of the company’s stock valued at $30,000 after acquiring an additional 215 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in Valaris in the third quarter valued at $37,000. Covestor Ltd boosted its holdings in Valaris by 184.0% in the third quarter. Covestor Ltd now owns 693 shares of the company’s stock valued at $52,000 after acquiring an additional 449 shares in the last quarter. Assetmark Inc. bought a new stake in Valaris in the third quarter valued at $70,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in Valaris in the third quarter valued at $107,000. Institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

VAL opened at $68.16 on Tuesday. The stock has a 50-day moving average price of $69.39 and a 200-day moving average price of $68.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market cap of $4.94 billion, a PE ratio of 5.83 and a beta of 1.13. Valaris Limited has a 1 year low of $54.13 and a 1 year high of $78.92.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.32. The firm had revenue of $483.80 million during the quarter, compared to analyst estimates of $484.00 million. Valaris had a return on equity of 5.71% and a net margin of 48.50%. Sell-side analysts predict that Valaris Limited will post 4.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VAL. TheStreet upgraded shares of Valaris from a “c” rating to a “b-” rating in a report on Thursday, February 22nd. Evercore ISI dropped their target price on shares of Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. StockNews.com upgraded shares of Valaris to a “sell” rating in a report on Friday, March 15th. Finally, Barclays dropped their target price on shares of Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

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.