Thrivent Financial for Lutherans Sells 256 Shares of Valaris Limited (NYSE:VAL)

Thrivent Financial for Lutherans trimmed its position in shares of Valaris Limited (NYSE:VAL) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,395 shares of the company’s stock after selling 256 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Valaris were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VAL. Quarry LP bought a new stake in Valaris during the 3rd quarter worth approximately $25,000. Signaturefd LLC boosted its stake in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock worth $65,000 after purchasing an additional 1,177 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after purchasing an additional 511 shares during the last quarter. KBC Group NV increased its stake in shares of Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after buying an additional 1,135 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Valaris by 24.3% in the fourth quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock valued at $186,000 after buying an additional 821 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VAL. StockNews.com raised shares of Valaris to a “sell” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. started coverage on shares of Valaris in a report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target for the company. Susquehanna dropped their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, Citigroup lowered their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $54.33.

Valaris Price Performance

VAL opened at $40.07 on Thursday. The company has a fifty day moving average price of $41.75 and a two-hundred day moving average price of $46.26. The firm has a market capitalization of $2.85 billion, a PE ratio of 7.80 and a beta of 1.16. Valaris Limited has a 52 week low of $31.15 and a 52 week high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

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

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.