State Farm Mutual Automobile Insurance Reduces $2M in Valaris Limited ($VAL)
Key Points
- State Farm Mutual Automobile Insurance changed its Valaris Limited ($VAL) stake by 100% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $VAL is Hold and an average price target of $69.05.
- $VAL last traded around $74.53.
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State Farm Mutual Automobile Insurance reduced its position in Valaris Limited ($VAL), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Valaris Limited after selling 22,130 shares during the quarter.
Valaris Limited Stock Down 13.6%
Shares of Valaris Limited ($VAL) traded around $74.53 on Saturday, down 13.6% for the day.
Valaris Limited Earnings
Analysts Set New Price Targets
About Valaris Limited
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally. It operates through four segments: Floaters, Jackups, ARO, and Other. The company owns an offshore drilling rig fleet, which includes drillships, dynamically positioned semisubmersible rigs, a moored semisubmersible rig, and jackup rigs. It also offers management services on rigs owned by third parties. The company serves international, government-owned, and independent oil and gas companies. Valaris Limited was founded in 1975 and is headquartered in Houston, Texas.
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