Gamco Investors INC. ET AL trimmed its position in Valvoline Inc (NYSE:VVV) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,918,018 shares of the basic materials company’s stock after selling 88,343 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.01% of Valvoline worth $41,372,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bristol John W & Co. Inc. NY acquired a new position in Valvoline in the 1st quarter valued at about $151,000. TLP Group LLC acquired a new position in Valvoline in the 1st quarter valued at about $208,000. GSA Capital Partners LLP acquired a new position in Valvoline in the 2nd quarter valued at about $245,000. Cullen Frost Bankers Inc. acquired a new position in Valvoline in the 1st quarter valued at about $248,000. Finally, Fruth Investment Management grew its stake in Valvoline by 49.4% in the 1st quarter. Fruth Investment Management now owns 13,501 shares of the basic materials company’s stock valued at $298,000 after buying an additional 4,462 shares during the last quarter. 99.64% of the stock is currently owned by institutional investors.

Shares of NYSE:VVV opened at $21.44 on Friday. Valvoline Inc has a 12-month low of $19.86 and a 12-month high of $25.63. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.09. The company has a current ratio of 1.86, a quick ratio of 1.40 and a debt-to-equity ratio of -4.27.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. The business had revenue of $577.00 million for the quarter, compared to analyst estimates of $591.49 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts expect that Valvoline Inc will post 1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be given a dividend of $0.0745 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.39%. Valvoline’s payout ratio is presently 21.58%.

A number of research analysts recently commented on the stock. Monness Crespi & Hardt decreased their price target on shares of Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. Zacks Investment Research lowered shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. ValuEngine upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Seaport Global Securities restated a “hold” rating and set a $25.00 target price on shares of Valvoline in a research report on Tuesday, August 7th. Finally, Morgan Stanley decreased their target price on shares of Valvoline from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.43.

In other Valvoline news, insider Anthony R. Puckett sold 6,132 shares of the stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $21.72, for a total transaction of $133,187.04. Following the transaction, the insider now owns 5,445 shares in the company, valued at approximately $118,265.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.07% of the company’s stock.

About Valvoline

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

Further Reading: Tariff

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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