Deuterium Capital Management LLC Acquires 5,800 Shares of Valaris Limited (NYSE:VAL)

Deuterium Capital Management LLC lifted its holdings in shares of Valaris Limited (NYSE:VAL) by 138.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,000 shares of the company’s stock after acquiring an additional 5,800 shares during the period. Valaris makes up about 1.2% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Deuterium Capital Management LLC’s holdings in Valaris were worth $442,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in VAL. Lingotto Investment Management LLP grew its position in Valaris by 2.5% in the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock valued at $160,910,000 after acquiring an additional 87,420 shares during the period. Centiva Capital LP bought a new stake in shares of Valaris in the 3rd quarter worth about $930,000. XTX Topco Ltd acquired a new stake in shares of Valaris during the 3rd quarter worth about $1,862,000. Waverton Investment Management Ltd lifted its holdings in Valaris by 20.4% during the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after purchasing an additional 113,509 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Valaris by 19.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 31,391 shares of the company’s stock valued at $1,750,000 after buying an additional 5,184 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on VAL. StockNews.com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Susquehanna cut their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Citigroup boosted their price objective on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Barclays lowered their target price 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. Finally, JPMorgan Chase & Co. began coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price target on the stock. 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 a consensus rating of “Hold” and an average target price of $55.00.

Valaris Trading Up 3.1 %

VAL stock opened at $33.87 on Wednesday. The business has a fifty day moving average of $44.70 and a 200-day moving average of $49.17. The company has a market cap of $2.41 billion, a P/E ratio of 6.59 and a beta of 1.10. Valaris Limited has a twelve month low of $31.15 and a twelve month high of $84.20. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. As a group, equities research 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.