ANTIPODES PARTNERS Ltd Makes New Investment in Valaris Limited (NYSE:VAL)

ANTIPODES PARTNERS Ltd acquired a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,345 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. River Road Asset Management LLC increased its stake in shares of Valaris by 178.9% in the 4th quarter. River Road Asset Management LLC now owns 409,196 shares of the company’s stock valued at $18,103,000 after purchasing an additional 262,468 shares during the last quarter. State Street Corp increased its stake in shares of Valaris by 4.8% in the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after purchasing an additional 112,216 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Valaris by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 581,106 shares of the company’s stock valued at $25,708,000 after purchasing an additional 99,297 shares during the last quarter. Lingotto Investment Management LLP increased its stake in shares of Valaris by 2.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock valued at $160,910,000 after purchasing an additional 87,420 shares during the last quarter. Finally, Hosking Partners LLP increased its stake in shares of Valaris by 33.6% in the 4th quarter. Hosking Partners LLP now owns 341,842 shares of the company’s stock valued at $15,123,000 after purchasing an additional 85,891 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VAL shares. Barclays decreased their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. assumed coverage on Valaris in a report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective on the stock. Citigroup raised their price objective on Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com raised Valaris to a “sell” rating in a report on Thursday, February 20th. Finally, Susquehanna cut their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.00.

Valaris Stock Down 0.1 %

Shares of VAL opened at $37.00 on Thursday. The company has a market capitalization of $2.63 billion, a PE ratio of 7.20 and a beta of 1.16. Valaris Limited has a 12 month low of $31.15 and a 12 month high of $84.20. The stock’s 50-day moving average price is $43.96 and its two-hundred day moving average price is $48.19. 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 (NYSE:VAL) last announced its earnings results on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.20 by $0.68. The firm had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. On average, analysts anticipate that Valaris Limited will post 3.96 EPS for the current year.

Valaris 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.