U.S. Capital Wealth Advisors LLC Purchases 46,493 Shares of Valaris Limited (NYSE:VAL)

U.S. Capital Wealth Advisors LLC lifted its position in Valaris Limited (NYSE:VAL) by 177.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,688 shares of the company’s stock after buying an additional 46,493 shares during the period. U.S. Capital Wealth Advisors LLC owned about 0.10% of Valaris worth $3,216,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Valaris by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,525 shares of the company’s stock worth $5,478,000 after acquiring an additional 427 shares in the last quarter. Quarry LP bought a new stake in Valaris during the 3rd quarter worth approximately $25,000. Blue Trust Inc. raised its holdings in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after buying an additional 511 shares during the period. Saturna Capital Corp lifted its stake in Valaris by 4.8% in the third quarter. Saturna Capital Corp now owns 13,290 shares of the company’s stock valued at $741,000 after buying an additional 604 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Valaris by 4.0% in the third quarter. Thrivent Financial for Lutherans now owns 15,651 shares of the company’s stock valued at $873,000 after buying an additional 604 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analysts Set New Price Targets

VAL has been the topic of a number of research analyst reports. Evercore ISI lowered shares of Valaris from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Benchmark cut Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. began coverage on Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price on the stock. Citigroup raised their price target on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Susquehanna cut their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, Valaris presently has an average rating of “Hold” and an average price target of $56.83.

Valaris Trading Down 1.7 %

Shares of Valaris stock opened at $47.94 on Monday. Valaris Limited has a 12-month low of $39.90 and a 12-month high of $84.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $45.32 and its 200-day moving average is $53.73. The stock has a market cap of $3.41 billion, a P/E ratio of 3.29 and a beta of 1.10.

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.