American International Group Inc. Sells 5,557 Shares of Valaris Limited (NYSE:VAL)

American International Group Inc. lowered its position in shares of Valaris Limited (NYSE:VAL) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,214 shares of the company’s stock after selling 5,557 shares during the quarter. American International Group Inc. owned approximately 0.16% of Valaris worth $7,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position 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 acquiring an additional 919,123 shares during the last quarter. Lingotto Investment Management LLP raised its position in shares of Valaris by 3.6% during the fourth quarter. Lingotto Investment Management LLP now owns 3,003,740 shares of the company’s stock worth $205,966,000 after acquiring an additional 104,000 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Valaris by 8.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,499,355 shares of the company’s stock valued at $187,402,000 after purchasing an additional 199,662 shares during the last quarter. Vanguard Group Inc. increased its holdings in Valaris by 7.1% in the third quarter. Vanguard Group Inc. now owns 1,816,177 shares of the company’s stock valued at $136,177,000 after purchasing an additional 120,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Valaris by 18.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 870,063 shares of the company’s stock valued at $59,662,000 after purchasing an additional 135,753 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 0.1 %

NYSE:VAL opened at $72.35 on Thursday. Valaris Limited has a 1 year low of $55.53 and a 1 year high of $78.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 6.33 and a beta of 1.24. The stock has a 50-day moving average price of $72.15 and a two-hundred day moving average price of $69.25.

Valaris (NYSE:VAL) last posted its 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 business had revenue of $525.00 million during the quarter, compared to analyst estimates of $503.00 million. Valaris had a net margin of 44.93% and a return on equity of 3.81%. As a group, equities analysts expect that Valaris Limited will post 4.37 earnings per share for the current year.

Analyst Ratings Changes

VAL has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Valaris from $102.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Benchmark reiterated a “buy” rating and issued a $90.00 price objective on shares of Valaris in a report on Thursday, May 2nd. Evercore ISI dropped their price objective on Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. TheStreet upgraded Valaris from a “c” rating to a “b-” rating in a report on Thursday, February 22nd. Finally, StockNews.com upgraded Valaris to a “sell” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.20.

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.