Valaris Limited (NYSE:VAL) Shares Sold by Pickering Energy Partners LP

Pickering Energy Partners LP lowered its position in shares of Valaris Limited (NYSE:VALFree Report) by 68.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the company’s stock after selling 8,500 shares during the quarter. Valaris accounts for about 4.6% of Pickering Energy Partners LP’s holdings, making the stock its 8th largest position. Pickering Energy Partners LP’s holdings in Valaris were worth $274,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Valaris by 31.8% during the third quarter. FMR LLC now owns 3,812,867 shares of the company’s stock worth $285,889,000 after purchasing an additional 919,123 shares during the period. Norges Bank purchased a new position in shares of Valaris during the 4th quarter valued at $43,282,000. Lancaster Investment Management acquired a new position in shares of Valaris in the fourth quarter worth $27,436,000. River Road Asset Management LLC raised its holdings in shares of Valaris by 289.2% during the third quarter. River Road Asset Management LLC now owns 362,539 shares of the company’s stock worth $27,183,000 after acquiring an additional 269,393 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Valaris by 70.6% during the third quarter. Invesco Ltd. now owns 513,877 shares of the company’s stock worth $38,530,000 after acquiring an additional 212,620 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on VAL shares. StockNews.com raised Valaris to a “sell” rating in a research report on Friday, April 26th. Evercore ISI dropped their price objective on Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Barclays cut their price objective on shares of Valaris from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. TheStreet raised shares of Valaris from a “c” rating to a “b-” rating in a research report on Thursday, February 22nd. Finally, Benchmark restated a “buy” rating and set a $90.00 price target on shares of Valaris in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, Valaris currently has an average rating of “Moderate Buy” and an average price target of $99.20.

Read Our Latest Analysis on VAL

Valaris Stock Performance

Shares of NYSE VAL traded down $1.90 during trading hours on Thursday, hitting $75.68. 1,003,895 shares of the stock were exchanged, compared to its average volume of 878,045. Valaris Limited has a one year low of $55.53 and a one year high of $78.92. The company’s 50 day moving average is $72.19 and its 200 day moving average is $69.18. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $5.48 billion, a P/E ratio of 6.62 and a beta of 1.24.

Valaris (NYSE:VALGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $503.00 million. Valaris had a net margin of 44.93% and a return on equity of 3.81%. On average, research analysts expect that Valaris Limited will post 4.37 EPS for the current year.

Valaris Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Valaris (NYSE:VAL)

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