Valvoline (NYSE:VVV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “

Other equities research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt started coverage on shares of Valvoline in a research note on Tuesday, September 27th. They issued a “buy” rating and a $27.00 target price for the company. Seaport Global Securities started coverage on shares of Valvoline in a research note on Monday, September 26th. They issued a “buy” rating and a $27.00 target price for the company. Gabelli started coverage on shares of Valvoline in a research note on Wednesday, September 21st. They issued a “buy” rating and a $29.00 target price for the company. Citigroup Inc. started coverage on shares of Valvoline in a research note on Tuesday, October 18th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Bank of America Corp. started coverage on shares of Valvoline in a research note on Tuesday, October 18th. They issued a “buy” rating and a $27.00 target price for the company. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.11.

Analyst Recommendations for Valvoline (NYSE:VVV)

Shares of Valvoline (NYSE:VVV) traded down 0.85% during mid-day trading on Tuesday, reaching $20.96. The company had a trading volume of 52,276 shares. The stock’s 50-day moving average price is $21.16 and its 200 day moving average price is $21.68. Valvoline has a 1-year low of $18.30 and a 1-year high of $24.51. The company has a market capitalization of $4.30 billion and a PE ratio of 15.76.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $494 million for the quarter, compared to the consensus estimate of $487.50 million. During the same period last year, the business earned $0.28 EPS. Valvoline’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts expect that Valvoline will post $1.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.049 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, December 1st.

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In other news, CEO Samuel J. Mitchell acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, September 28th. The stock was bought at an average price of $22.00 per share, with a total value of $550,000.00. Following the completion of the acquisition, the chief executive officer now owns 25,000 shares in the company, valued at approximately $550,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Mary E. Meixelsperger acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, September 28th. The shares were purchased at an average cost of $22.00 per share, with a total value of $55,000.00. Following the acquisition, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $55,000. The disclosure for this purchase can be found here.

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD purchased a new stake in Valvoline during the third quarter valued at $112,547,000. OZ Management LP purchased a new stake in Valvoline during the third quarter valued at $29,492,000. Lazard Asset Management LLC purchased a new stake in Valvoline during the third quarter valued at $29,145,000. Incline Global Management LLC purchased a new stake in Valvoline during the third quarter valued at $28,049,000. Finally, TimesSquare Capital Management LLC purchased a new stake in Valvoline during the third quarter valued at $25,369,000.

5 Day Chart for NYSE:VVV

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