Occudo Quantitative Strategies LP Buys New Position in Valaris Limited (NYSE:VAL)

Occudo Quantitative Strategies LP bought a new stake in shares of Valaris Limited (NYSE:VAL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,899 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also bought and sold shares of the company. Quarry LP boosted its stake in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company’s stock valued at $30,000 after buying an additional 233 shares in the last quarter. Arizona State Retirement System boosted its stake in Valaris by 1.3% during the fourth quarter. Arizona State Retirement System now owns 19,002 shares of the company’s stock valued at $841,000 after buying an additional 237 shares in the last quarter. Xponance Inc. boosted its stake in Valaris by 5.5% during the fourth quarter. Xponance Inc. now owns 9,273 shares of the company’s stock valued at $410,000 after buying an additional 487 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Valaris by 3.3% during the fourth quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock valued at $686,000 after purchasing an additional 500 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Down 2.1%

Shares of Valaris stock opened at $38.26 on Friday. The stock has a 50-day moving average price of $35.49 and a 200 day moving average price of $41.67. The company has a market cap of $2.72 billion, a P/E ratio of 7.44 and a beta of 1.09. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $84.20.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($1.63). The business had revenue of $620.70 million during the quarter, compared to analysts’ expectations of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. Valaris’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that Valaris Limited will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VAL. Citigroup reduced their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Barclays upped their target price on Valaris from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Evercore ISI reduced their target price on Valaris from $55.00 to $50.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Susquehanna reduced their target price on Valaris from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, StockNews.com raised Valaris to a “sell” rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.17.

About Valaris

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.