J P Morgan Chase & Co restated their neutral rating on shares of Valvoline Inc. (NYSE:VVV) in a report published on Wednesday. J P Morgan Chase & Co currently has a $22.00 price target on the basic materials company’s stock, up from their previous price target of $20.00.

Several other research firms have also recently weighed in on VVV. Zacks Investment Research cut shares of Valvoline from a buy rating to a hold rating in a report on Tuesday, June 27th. Deutsche Bank AG reaffirmed a hold rating and set a $23.00 target price (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. Finally, Seaport Global Securities raised shares of Valvoline from a neutral rating to a buy rating and set a $26.00 target price for the company in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $25.83.

Shares of Valvoline (VVV) opened at 22.13 on Wednesday. Valvoline has a 52 week low of $18.30 and a 52 week high of $24.98. The stock has a market cap of $4.48 billion and a price-to-earnings ratio of 19.38. The stock’s 50 day moving average is $22.95 and its 200 day moving average is $23.09.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.01. Valvoline had a net margin of 13.00% and a negative return on equity of 106.06%. The company had revenue of $534 million for the quarter, compared to analysts’ expectations of $530.57 million. Valvoline’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Valvoline will post $1.37 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.049 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.89%. Valvoline’s dividend payout ratio is currently 15.50%.

A number of hedge funds have recently made changes to their positions in the stock. Tdam USA Inc. boosted its stake in shares of Valvoline by 0.5% in the first quarter. Tdam USA Inc. now owns 61,160 shares of the basic materials company’s stock worth $1,501,000 after buying an additional 309 shares in the last quarter. Ngam Advisors L.P. boosted its stake in shares of Valvoline by 4.4% in the first quarter. Ngam Advisors L.P. now owns 18,595 shares of the basic materials company’s stock worth $457,000 after buying an additional 776 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Valvoline by 23.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock worth $261,000 after buying an additional 2,105 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Valvoline by 15.6% in the second quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock worth $412,000 after buying an additional 2,345 shares in the last quarter. Finally, Eos Focused Equity Management L.P. boosted its stake in shares of Valvoline by 1.1% in the second quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock worth $5,473,000 after buying an additional 2,531 shares in the last quarter. 28.34% of the stock is owned by institutional investors and hedge funds.

Valvoline Company Profile

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

Analyst Recommendations for Valvoline (NYSE:VVV)

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