Rye Brook Capital LLC Grows Stock Holdings in Valaris Limited (NYSE:VAL)

Rye Brook Capital LLC increased its holdings in Valaris Limited (NYSE:VAL) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,000 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Valaris makes up approximately 2.5% of Rye Brook Capital LLC’s holdings, making the stock its 16th largest holding. Rye Brook Capital LLC owned about 0.07% of Valaris worth $2,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp boosted its position in Valaris by 4.8% during the 3rd quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after acquiring an additional 112,216 shares in the last quarter. Geode Capital Management LLC raised its holdings in Valaris by 4.6% in the third quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company’s stock worth $84,736,000 after purchasing an additional 66,229 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Valaris by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 797,060 shares of the company’s stock worth $44,436,000 after buying an additional 29,031 shares during the period. Waverton Investment Management Ltd grew its position 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, Fiera Capital Corp increased its holdings in shares of Valaris by 2.3% in the 3rd quarter. Fiera Capital Corp now owns 283,854 shares of the company’s stock worth $15,825,000 after purchasing an additional 6,330 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VAL shares. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and cut their price objective for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. assumed coverage on Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 target price for the company. Barclays reissued an “equal weight” rating and issued a $49.00 price target (down from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Citigroup boosted their price target on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Susquehanna decreased their price objective on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Valaris currently has an average rating of “Hold” and a consensus target price of $56.83.

Valaris Stock Up 0.7 %

Shares of Valaris stock opened at $44.82 on Wednesday. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 3.08 and a beta of 1.10. Valaris Limited has a 1 year low of $39.90 and a 1 year high of $84.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. The firm’s 50-day moving average is $45.51 and its two-hundred day moving average is $50.96.

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.