Valvoline Inc (NYSE:VVV) SVP Sells $15,212.64 in Stock

Valvoline Inc (NYSE:VVV) SVP Anthony R. Puckett sold 656 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $23.19, for a total value of $15,212.64. Following the sale, the senior vice president now directly owns 3,043 shares of the company’s stock, valued at $70,567.17. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of VVV traded down $0.05 during midday trading on Thursday, reaching $23.00. 522,500 shares of the stock were exchanged, compared to its average volume of 1,155,890. Valvoline Inc has a 12-month low of $16.90 and a 12-month high of $23.90. The firm has a 50 day simple moving average of $22.08 and a 200-day simple moving average of $20.74. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.61 and a beta of 0.89.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07. Valvoline had a negative return on equity of 91.40% and a net margin of 8.70%. The company had revenue of $629.00 million during the quarter, compared to the consensus estimate of $627.04 million. During the same period last year, the business earned $0.34 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Valvoline Inc will post 1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.113 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Valvoline’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, November 27th. Valvoline’s dividend payout ratio (DPR) is presently 30.22%.

Hedge funds have recently modified their holdings of the stock. Capital Fund Management S.A. raised its stake in shares of Valvoline by 512.9% in the 2nd quarter. Capital Fund Management S.A. now owns 90,100 shares of the basic materials company’s stock valued at $1,760,000 after acquiring an additional 75,400 shares in the last quarter. Swiss National Bank raised its stake in shares of Valvoline by 2.1% in the 2nd quarter. Swiss National Bank now owns 350,165 shares of the basic materials company’s stock valued at $6,839,000 after acquiring an additional 7,200 shares in the last quarter. GAM Holding AG raised its stake in shares of Valvoline by 16.9% in the 2nd quarter. GAM Holding AG now owns 61,504 shares of the basic materials company’s stock valued at $1,201,000 after acquiring an additional 8,879 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Valvoline in the 2nd quarter valued at approximately $1,462,000. Finally, Holocene Advisors LP raised its stake in shares of Valvoline by 1.7% in the 2nd quarter. Holocene Advisors LP now owns 46,599 shares of the basic materials company’s stock valued at $910,000 after acquiring an additional 760 shares in the last quarter. 92.52% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on VVV. Citigroup raised their price target on Valvoline from $21.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. TheStreet raised Valvoline from a “d+” rating to a “c+” rating in a research note on Monday, September 23rd. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, ValuEngine raised Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.20.

Valvoline Company Profile

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.

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Insider Buying and Selling by Quarter for Valvoline (NYSE:VVV)

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