Valvoline Inc. (VVV) Insider Sells $104,473.02 in Stock
Valvoline Inc. (NYSE:VVV) insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now owns 6,192 shares in the company, valued at $150,651.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Valvoline Inc. (NYSE:VVV) traded down $0.10 during trading on Monday, reaching $24.37. 2,261,736 shares of the company’s stock traded hands, compared to its average volume of 1,349,647. Valvoline Inc. has a 52 week low of $19.57 and a 52 week high of $25.07. 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 stock has a market cap of $4,955.85, a P/E ratio of 17.60, a P/E/G ratio of 2.35 and a beta of 1.62.
Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business had revenue of $547.00 million for the quarter, compared to analysts’ expectations of $528.14 million. During the same period in the previous year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. sell-side analysts anticipate that Valvoline Inc. will post 1.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.0745 per share. This is an increase from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, November 30th. Valvoline’s dividend payout ratio (DPR) is presently 13.42%.
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A number of institutional investors have recently modified their holdings of VVV. BlackRock Inc. grew its position in Valvoline by 1,119.3% during the 2nd quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock worth $401,234,000 after purchasing an additional 15,528,107 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Valvoline by 362.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock worth $416,427,000 after acquiring an additional 13,761,975 shares during the period. Boston Partners lifted its stake in shares of Valvoline by 344.0% in the 2nd quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock worth $218,556,000 after acquiring an additional 7,138,800 shares during the period. Evercore Trust Company N.A. acquired a new stake in shares of Valvoline in the 2nd quarter worth $136,610,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Valvoline in the 2nd quarter worth $118,964,000. 92.41% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on VVV shares. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $25.00 price objective on shares of Valvoline in a research report on Friday, November 10th. Morgan Stanley increased their price objective on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.38.
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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