Nations Financial Group Inc. IA ADV Sells 6,835 Shares of Valaris Limited (NYSE:VAL)

Nations Financial Group Inc. IA ADV cut its holdings in Valaris Limited (NYSE:VAL) by 28.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,282 shares of the company’s stock after selling 6,835 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Valaris were worth $765,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VAL. Quarry LP bought a new stake in shares of Valaris in the 3rd quarter worth about $25,000. Blue Trust Inc. increased its holdings in shares of Valaris by 41.0% in 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 last quarter. KBC Group NV increased its holdings in shares of Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock worth $130,000 after buying an additional 1,135 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Valaris by 24.3% in the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after buying an additional 821 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Valaris in the 4th quarter worth about $243,000. 96.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VAL. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Citigroup upped their price target on shares of Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. initiated coverage on shares of Valaris in a report on Friday, December 6th. They set an “underweight” rating and a $40.00 price target on the stock. Barclays reiterated an “equal weight” rating and set a $49.00 price target (down from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Finally, Susquehanna cut their price target on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a 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 data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.83.

Valaris Price Performance

Valaris stock opened at $44.50 on Monday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 3.06 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. Valaris Limited has a 1 year low of $39.90 and a 1 year high of $84.20. The firm has a 50-day moving average of $45.52 and a two-hundred day moving average of $51.32.

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.