Mutual of America Capital Management LLC Sells 1,484 Shares of Valaris Limited (NYSE:VAL)

Mutual of America Capital Management LLC trimmed its stake in Valaris Limited (NYSE:VAL) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,424 shares of the company’s stock after selling 1,484 shares during the quarter. Mutual of America Capital Management LLC owned 0.12% of Valaris worth $3,691,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VAL. Private Advisor Group LLC boosted its holdings in Valaris by 22.5% in the third quarter. Private Advisor Group LLC now owns 5,524 shares of the company’s stock worth $308,000 after acquiring an additional 1,015 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Valaris by 14.3% in the third quarter. State of Alaska Department of Revenue now owns 7,735 shares of the company’s stock worth $431,000 after acquiring an additional 965 shares in the last quarter. Hara Capital LLC boosted its holdings in Valaris by 8.8% in the third quarter. Hara Capital LLC now owns 57,035 shares of the company’s stock worth $3,180,000 after acquiring an additional 4,616 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Valaris by 2.3% in the third quarter. Fiera Capital Corp now owns 283,854 shares of the company’s stock worth $15,825,000 after purchasing an additional 6,330 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in shares of Valaris by 16.5% in the third quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock worth $264,000 after purchasing an additional 670 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on VAL shares. StockNews.com upgraded Valaris to a “sell” rating in a research note on Thursday, February 20th. Citigroup boosted their price target on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. started coverage on Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target for the company. Finally, Barclays decreased their price target 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. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Valaris has an average rating of “Hold” and a consensus target price of $55.00.

Valaris Stock Performance

Shares of VAL opened at $34.03 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $44.56 and a two-hundred day simple moving average of $49.06. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 6.62 and a beta of 1.10. Valaris Limited has a 52 week low of $31.15 and a 52 week high of $84.20.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. The business had revenue of $584.40 million during the quarter, compared to analysts’ expectations of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. On average, analysts expect that Valaris Limited will post 3.96 EPS for the current year.

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.