Thrivent Financial for Lutherans Sells 663 Shares of Valaris Limited (NYSE:VAL)

Thrivent Financial for Lutherans lowered its stake in shares of Valaris Limited (NYSE:VAL) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,047 shares of the company’s stock after selling 663 shares during the period. Thrivent Financial for Lutherans’ holdings in Valaris were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Johnson Capital Management LLC bought a new position in Valaris during the first quarter worth about $7,355,000. SG Americas Securities LLC boosted its holdings in Valaris by 699.3% during the first quarter. SG Americas Securities LLC now owns 16,881 shares of the company’s stock worth $1,270,000 after buying an additional 14,769 shares during the last quarter. Diversify Advisory Services LLC bought a new position in Valaris during the first quarter worth about $8,743,000. Virtu Financial LLC bought a new position in Valaris during the first quarter worth about $582,000. Finally, Natixis bought a new position in Valaris during the first quarter worth about $730,000. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 0.3 %

Shares of Valaris stock opened at $56.10 on Friday. The business’s 50 day simple moving average is $60.52 and its 200 day simple moving average is $68.89. Valaris Limited has a 52-week low of $53.06 and a 52-week high of $84.20. The firm has a market cap of $4.08 billion, a PE ratio of 4.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 1.73.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $1.07. Valaris had a return on equity of 12.58% and a net margin of 49.33%. The business had revenue of $610.10 million for the quarter, compared to analyst estimates of $545.00 million. On average, analysts predict that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on VAL shares. Citigroup reduced their target price on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Barclays cut their price objective on Valaris from $98.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Benchmark reiterated a “buy” rating and set a $90.00 price objective on shares of Valaris in a report on Monday, August 5th. Susquehanna initiated coverage on Valaris in a report on Tuesday, September 24th. They set a “neutral” rating and a $62.00 price objective on the stock. Finally, Pickering Energy Partners cut Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Valaris currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Activity at Valaris

In other Valaris news, SVP Davor Vukadin sold 15,403 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the transaction, the senior vice president now owns 13,334 shares of the company’s stock, valued at $755,237.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the transaction, the senior vice president now owns 24,388 shares of the company’s stock, valued at $1,360,118.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Davor Vukadin sold 15,403 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $56.64, for a total value of $872,425.92. Following the transaction, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is owned by insiders.

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.