Valvoline (vvv) to Issue Quarterly Dividend of $0.05 on December 20th
Valvoline (NYSE:vvv) declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Monday, December 5th will be given a dividend of 0.049 per share on Tuesday, December 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, December 1st.
Valvoline (NYSE:VVV) opened at 21.09 on Friday. Valvoline has a 1-year low of $18.30 and a 1-year high of $24.51. The firm has a market cap of $4.32 billion and a P/E ratio of 15.86. The stock has a 50 day moving average price of $21.21 and a 200-day moving average price of $21.69.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by $0.03. The business had revenue of $494 million for the quarter, compared to analyst estimates of $487.50 million. During the same period in the prior year, the company posted $0.28 EPS. Valvoline’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Valvoline will post $1.31 EPS for the current year.
In other Valvoline news, Director Stephen E. Macadam acquired 5,000 shares of Valvoline stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average price of $22.00 per share, with a total value of $110,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $110,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Samuel J. Mitchell acquired 25,000 shares of Valvoline stock in a transaction that occurred on Wednesday, September 28th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $550,000.00. Following the purchase, the chief executive officer now owns 25,000 shares of the company’s stock, valued at $550,000. The disclosure for this purchase can be found here.
Several hedge funds have recently modified their holdings of VVV. Emerald Acquisition Ltd. acquired a new stake in shares of Valvoline during the third quarter valued at $263,000. Bank of New York Mellon Corp acquired a new stake in shares of Valvoline during the third quarter valued at $581,000. Morgan Stanley acquired a new stake in shares of Valvoline during the third quarter valued at $613,000. BlackRock Group LTD acquired a new stake in shares of Valvoline during the third quarter valued at $1,557,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Valvoline during the third quarter valued at $112,547,000.
Several brokerages have commented on VVV. Zacks Investment Research downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Wednesday. Gabelli downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Monness Crespi & Hardt lowered their price objective on shares of Valvoline from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, November 10th. Longbow Research began coverage on shares of Valvoline in a research report on Friday, October 21st. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. began coverage on shares of Valvoline in a research report on Friday, October 21st. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.11.
ILLEGAL ACTIVITY WARNING: “Valvoline (vvv) to Issue Quarterly Dividend of $0.05 on December 20th” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of United States & international copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2016/11/26/valvoline-vvv-to-issue-quarterly-dividend-of-0-05-on-december-20th.html.
Receive News & Stock Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related stocks with our FREE daily email newsletter.