1,364,469 Shares in Valvoline $VVV Acquired by Norges Bank

Norges Bank acquired a new stake in shares of Valvoline (NYSE:VVV) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,364,469 shares of the basic materials company’s stock, valued at approximately $39,651,000.

Other institutional investors have also recently bought and sold shares of the company. Community Bank N.A. acquired a new stake in Valvoline during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Valvoline by 1,621.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,050 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 989 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Valvoline by 90.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 691 shares during the last quarter. Quarry LP acquired a new stake in Valvoline in the third quarter valued at approximately $60,000. Finally, Clearstead Advisors LLC lifted its stake in Valvoline by 228.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,921 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VVV. Wells Fargo & Company lifted their target price on shares of Valvoline from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $44.00 price target (up from $41.00) on shares of Valvoline in a research report on Friday, May 8th. Roth Mkm reaffirmed a “buy” rating and issued a $46.00 price target on shares of Valvoline in a research report on Friday, May 8th. JPMorgan Chase & Co. raised Valvoline from an “underweight” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Friday, May 29th. Finally, Royal Bank Of Canada boosted their price target on Valvoline from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.93.

Insider Buying and Selling

In other Valvoline news, Director Richard Joseph Freeland acquired 3,100 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $32.37 per share, with a total value of $100,347.00. Following the transaction, the director owned 16,112 shares of the company’s stock, valued at approximately $521,545.44. This trade represents a 23.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J Kevin Willis acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $31.80 per share, with a total value of $318,000.00. Following the transaction, the chief financial officer directly owned 32,725 shares in the company, valued at $1,040,655. The trade was a 44.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 14,100 shares of company stock valued at $450,877. Insiders own 0.66% of the company’s stock.

Valvoline Stock Up 1.5%

Valvoline stock opened at $36.27 on Tuesday. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 49.69 and a beta of 1.02. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.73 and a quick ratio of 0.61. Valvoline has a fifty-two week low of $28.50 and a fifty-two week high of $41.33. The firm has a fifty day moving average price of $33.68 and a two-hundred day moving average price of $33.36.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Thursday, May 7th. The basic materials company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. Valvoline had a return on equity of 66.54% and a net margin of 5.03%.The business had revenue of $503.80 million during the quarter, compared to analysts’ expectations of $495.67 million. During the same quarter in the previous year, the firm earned $0.34 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. Valvoline has set its FY 2026 guidance at 1.650-1.750 EPS. As a group, analysts forecast that Valvoline will post 1.75 earnings per share for the current year.

Valvoline Company Profile

Valvoline (NYSE: VVV) is a leading global producer and distributor of automotive and industrial lubricants. The company’s portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline’s products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy‐duty vehicles and off‐road applications.

In addition to its core lubricant business, Valvoline operates one of North America’s largest quick‐lubricant service networks through Valvoline Instant Oil Change℠ (VIOC).