Cypress Capital Management LLC WY Sells 2,060 Shares of Valvoline Inc. (NYSE:VVV)

Cypress Capital Management LLC WY lowered its stake in shares of Valvoline Inc. (NYSE:VVV) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,421 shares of the basic materials company’s stock after selling 2,060 shares during the quarter. Valvoline accounts for 1.4% of Cypress Capital Management LLC WY’s portfolio, making the stock its 21st biggest position. Cypress Capital Management LLC WY’s holdings in Valvoline were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of VVV. Invesco Ltd. grew its holdings in Valvoline by 29.1% during the third quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company’s stock worth $130,257,000 after buying an additional 911,073 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Valvoline by 260.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,225,486 shares of the basic materials company’s stock valued at $39,510,000 after purchasing an additional 885,342 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Valvoline in the 4th quarter valued at $31,165,000. Alua Capital Management LP grew its stake in Valvoline by 24.7% in the 3rd quarter. Alua Capital Management LP now owns 2,935,539 shares of the basic materials company’s stock valued at $94,642,000 after purchasing an additional 582,400 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in Valvoline by 11.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 2,767,848 shares of the basic materials company’s stock valued at $89,235,000 after purchasing an additional 276,506 shares during the period. Institutional investors own 96.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on VVV shares. Royal Bank of Canada upped their price objective on Valvoline from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Citigroup increased their price target on Valvoline from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Morgan Stanley upgraded Valvoline from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $37.00 to $44.00 in a research note on Tuesday, January 16th. Finally, Mizuho assumed coverage on Valvoline in a research note on Tuesday, March 19th. They set a “buy” rating and a $50.00 price target for the company. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Valvoline currently has a consensus rating of “Moderate Buy” and an average price target of $42.75.

Valvoline Price Performance

VVV traded down $0.42 during trading on Monday, reaching $42.44. 799,115 shares of the company were exchanged, compared to its average volume of 1,153,780. The company’s 50-day moving average is $42.97 and its two-hundred day moving average is $37.80. Valvoline Inc. has a 12-month low of $29.15 and a 12-month high of $45.37. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 5.32 and a beta of 1.44. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 24.02.

Valvoline (NYSE:VVV) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. Valvoline had a return on equity of 41.83% and a net margin of 92.04%. The firm had revenue of $373.40 million for the quarter, compared to analysts’ expectations of $380.10 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that Valvoline Inc. will post 1.61 earnings per share for the current fiscal year.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.