X Square Capital LLC Purchases 10,693 Shares of Valaris Limited (NYSE:VAL)

X Square Capital LLC increased its position in shares of Valaris Limited (NYSE:VAL) by 69.6% during the 4th quarter, HoldingsChannel reports. The fund owned 26,063 shares of the company’s stock after purchasing an additional 10,693 shares during the quarter. X Square Capital LLC’s holdings in Valaris were worth $1,153,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in Valaris during the 4th quarter worth approximately $176,000. Norges Bank bought a new stake in shares of Valaris in the 4th quarter valued at $31,949,000. WINTON GROUP Ltd raised its stake in Valaris by 28.9% during the 4th quarter. WINTON GROUP Ltd now owns 25,103 shares of the company’s stock worth $1,111,000 after buying an additional 5,630 shares during the period. EntryPoint Capital LLC lifted its holdings in Valaris by 42.8% during the fourth quarter. EntryPoint Capital LLC now owns 5,568 shares of the company’s stock worth $246,000 after acquiring an additional 1,668 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Valaris in the fourth quarter valued at about $10,578,000. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Shares of NYSE VAL opened at $40.31 on Friday. Valaris Limited has a 12 month low of $31.15 and a 12 month high of $84.20. The stock has a 50 day moving average of $42.42 and a 200-day moving average of $46.73. 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 company has a market capitalization of $2.86 billion, a P/E ratio of 7.84 and a beta of 1.16.

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

Analyst Ratings Changes

VAL has been the subject of a number of research reports. StockNews.com raised Valaris to a “sell” rating in a research note on Thursday, February 20th. Evercore ISI lowered 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 research note on Wednesday, January 15th. Citigroup dropped their price target on Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Susquehanna dropped their target price on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research note on Friday, December 6th. They set an “underweight” rating and a $40.00 price target for the company. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Valaris has a consensus rating of “Hold” and a consensus price target of $54.33.

About Valaris

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.