OneDigital Investment Advisors LLC Decreases Position in Valaris Limited (NYSE:VAL)

OneDigital Investment Advisors LLC lessened its stake in Valaris Limited (NYSE:VAL) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,936 shares of the company’s stock after selling 2,035 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Valaris were worth $395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VAL. Sterling Capital Management LLC boosted its holdings in Valaris by 518.3% in the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company’s stock worth $33,000 after buying an additional 622 shares during the period. Signaturefd LLC grew its position in shares of Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock valued at $65,000 after purchasing an additional 1,177 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares during the period. Quadrant Capital Group LLC lifted its holdings in Valaris by 326.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company’s stock worth $83,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Covestor Ltd boosted its stake in Valaris by 40.1% in the 4th quarter. Covestor Ltd now owns 1,911 shares of the company’s stock worth $85,000 after purchasing an additional 547 shares during the period. 96.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Citigroup dropped their price objective on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. StockNews.com upgraded Valaris to a “sell” rating in a research report on Thursday, February 20th. Barclays lowered their price target on Valaris from $46.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 7th. Finally, Susquehanna cut their price objective on Valaris from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.33.

Valaris Price Performance

VAL opened at $32.96 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2.34 billion, a P/E ratio of 6.41 and a beta of 1.06. The stock has a 50-day moving average price of $35.79 and a 200-day moving average price of $43.07. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $84.20.

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