Valaris Limited (NYSE:VAL) Stock Position Decreased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in shares of Valaris Limited (NYSE:VAL) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,769 shares of the company’s stock after selling 171 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Valaris were worth $464,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Hosking Partners LLP boosted its position in shares of Valaris by 13.0% in the third quarter. Hosking Partners LLP now owns 255,275 shares of the company’s stock worth $19,141,000 after buying an additional 29,336 shares during the period. Tudor Investment Corp Et Al boosted its position in shares of Valaris by 567.3% in the third quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company’s stock worth $5,883,000 after buying an additional 66,700 shares during the period. Van ECK Associates Corp boosted its position in shares of Valaris by 11.3% in the third quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock worth $127,792,000 after buying an additional 172,780 shares during the period. SCP Investment LP acquired a new stake in shares of Valaris in the third quarter worth $570,000. Finally, Vanguard Group Inc. boosted its position in shares of Valaris by 7.1% in the third quarter. Vanguard Group Inc. now owns 1,816,177 shares of the company’s stock worth $136,177,000 after buying an additional 120,550 shares during the period. 96.74% of the stock is owned by institutional investors.

Valaris Price Performance

NYSE VAL opened at $68.48 on Friday. Valaris Limited has a fifty-two week low of $54.13 and a fifty-two week high of $78.92. The stock’s 50-day moving average is $69.35 and its two-hundred day moving average is $68.19. 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 $4.96 billion, a P/E ratio of 5.86 and a beta of 1.13.

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

Analyst Upgrades and Downgrades

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

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.