Thrivent Financial for Lutherans Has $681,000 Stock Position in Valaris Limited (NYSE:VAL)

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

Several other hedge funds have also added to or reduced their stakes in VAL. Quarry LP acquired a new position in Valaris in the third quarter valued at about $25,000. Signaturefd LLC raised its position in shares of Valaris by 395.0% during 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 during the period. Blue Trust Inc. lifted its holdings in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares in the last quarter. KBC Group NV grew its position in shares of Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company’s stock valued at $130,000 after purchasing an additional 1,135 shares during the period. Finally, Spire Wealth Management increased its stake in Valaris by 24.3% during the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company’s stock worth $186,000 after purchasing an additional 821 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Down 1.4 %

Shares of VAL stock opened at $40.07 on Thursday. The firm’s fifty day moving average price is $41.75 and its two-hundred day moving average price is $46.26. Valaris Limited has a 1 year low of $31.15 and a 1 year high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2.85 billion, a P/E ratio of 7.80 and a beta of 1.16.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. On average, equities analysts predict that Valaris Limited will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VAL shares. StockNews.com raised shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Susquehanna cut their price objective on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. started coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price for the company. Barclays dropped their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 25th. Finally, Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and reduced their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.33.

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.