Valvoline (NYSE:VVV) had its target price increased by analysts at Longbow Research from $28.00 to $30.00 in a research note issued on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. Longbow Research’s target price points to a potential upside of 24.48% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Saturday, October 21st. Morgan Stanley boosted their price objective on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price target on shares of Valvoline in a research note on Friday, November 10th. ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Wednesday, November 22nd. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Valvoline presently has a consensus rating of “Hold” and a consensus target price of $25.88.
Shares of Valvoline (NYSE VVV) traded down $0.43 during trading hours on Thursday, reaching $24.10. The company’s stock had a trading volume of 2,078,900 shares, compared to its average volume of 1,370,922. The company has a market cap of $4,951.04, a PE ratio of 17.65, a P/E/G ratio of 2.25 and a beta of 1.62. Valvoline has a 12-month low of $20.72 and a 12-month 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.
In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now directly owns 77 shares in the company, valued at approximately $1,894.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the transaction, the insider now owns 6,192 shares of the company’s stock, valued at $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Symphony Asset Management LLC boosted its position in Valvoline by 22.8% during the 2nd quarter. Symphony Asset Management LLC now owns 41,807 shares of the basic materials company’s stock worth $991,000 after acquiring an additional 7,755 shares during the last quarter. California State Teachers Retirement System boosted its position in Valvoline by 435.8% during the 2nd quarter. California State Teachers Retirement System now owns 378,815 shares of the basic materials company’s stock worth $8,985,000 after acquiring an additional 308,115 shares during the last quarter. Royal Bank of Canada boosted its position in Valvoline by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 1,279,683 shares of the basic materials company’s stock worth $30,354,000 after acquiring an additional 57,809 shares during the last quarter. Prudential Financial Inc. acquired a new position in Valvoline during the 2nd quarter worth approximately $3,008,000. Finally, JPMorgan Chase & Co. boosted its position in Valvoline by 23.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,176,653 shares of the basic materials company’s stock worth $75,351,000 after acquiring an additional 600,060 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.
About Valvoline
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.
