Thrivent Financial for Lutherans Acquires 604 Shares of Valaris Limited (NYSE:VAL)

Thrivent Financial for Lutherans boosted its position in shares of Valaris Limited (NYSE:VAL) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,651 shares of the company’s stock after purchasing an additional 604 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Valaris were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VAL. Price T Rowe Associates Inc. MD increased its position in Valaris by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,656 shares of the company’s stock valued at $2,609,000 after purchasing an additional 2,005 shares during the period. Boston Partners lifted its holdings in Valaris by 6.5% during the first quarter. Boston Partners now owns 8,914 shares of the company’s stock worth $671,000 after buying an additional 544 shares during the period. EverSource Wealth Advisors LLC boosted its position in Valaris by 180.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 235 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Valaris by 41.2% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 17,260 shares of the company’s stock valued at $1,286,000 after acquiring an additional 5,035 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Valaris by 112.6% in the 2nd quarter. SG Americas Securities LLC now owns 35,885 shares of the company’s stock worth $2,673,000 after acquiring an additional 19,004 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Price Performance

Shares of NYSE VAL opened at $46.49 on Wednesday. The business’s 50 day moving average price is $50.63 and its 200 day moving average price is $62.35. The firm has a market cap of $3.31 billion, a P/E ratio of 3.19 and a beta of 1.09. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. Valaris Limited has a 52 week low of $45.42 and a 52 week high of $84.20.

Insider Buying and Selling

In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the company’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 value of $1,450,020.00. Following the sale, the senior vice president now owns 24,388 shares in the company, valued at approximately $1,360,118.76. This represents a 51.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Davor Vukadin sold 15,403 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. This trade represents a 53.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,403 shares of company stock valued at $4,028,246 over the last 90 days. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Susquehanna decreased their price target on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Citigroup dropped their price target on Valaris from $71.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Barclays decreased their price objective on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.40.

About Valaris

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.