Valvoline Inc. (VVV) Insider Sells $104,473.02 in Stock
Valvoline Inc. (NYSE:VVV) insider Anthony R. Puckett sold 4,294 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the completion of the sale, the insider now directly owns 6,192 shares in the company, valued at approximately $150,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Valvoline Inc. (VVV) traded up $0.09 during trading on Thursday, reaching $24.51. 1,498,900 shares of the company’s stock traded hands, compared to its average volume of 1,349,581. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. The company has a market capitalization of $4,960.00 and a PE ratio of 17.57. Valvoline Inc. has a 1 year low of $19.57 and a 1 year high of $25.07.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $528.14 million. During the same period last year, the company earned $0.35 earnings per share. Valvoline’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts expect that Valvoline Inc. will post 1.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.0745 per share. This is a boost from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 30th. Valvoline’s dividend payout ratio is 13.42%.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC lifted its holdings in Valvoline by 600.2% in the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock valued at $150,000 after buying an additional 5,486 shares during the period. Macquarie Group Ltd. acquired a new position in Valvoline in the second quarter valued at approximately $183,000. Legal & General Group Plc lifted its holdings in Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock valued at $201,000 after buying an additional 7,578 shares during the period. First Allied Advisory Services Inc. acquired a new position in Valvoline in the second quarter valued at approximately $201,000. Finally, Oakbrook Investments LLC acquired a new position in Valvoline in the second quarter valued at approximately $204,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on VVV. Seaport Global Securities cut shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday. J P Morgan Chase & Co reissued a “neutral” rating and issued a $22.00 target price (up previously from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $25.00 price objective on shares of Valvoline in a research note on Friday, November 10th. Finally, Morgan Stanley upped their price objective on shares of Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $25.38.
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.
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