Shares of Valvoline Inc (NYSE:VVV) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $24.20.
Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Valvoline from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 2nd. Longbow Research downgraded Valvoline from a “buy” rating to a “neutral” rating in a research report on Thursday, April 19th. ValuEngine raised Valvoline from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Finally, Seaport Global Securities reaffirmed a “hold” rating and issued a $25.00 target price on shares of Valvoline in a research report on Tuesday, August 7th.
NYSE:VVV traded up $0.27 on Tuesday, hitting $21.28. 1,587,600 shares of the stock were exchanged, compared to its average volume of 1,519,247. The firm has a market capitalization of $4.02 billion, a PE ratio of 15.31, a P/E/G ratio of 1.41 and a beta of 1.09. The company has a debt-to-equity ratio of -4.27, a current ratio of 1.86 and a quick ratio of 1.40. Valvoline has a fifty-two week low of $19.86 and a fifty-two week high of $25.63.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be issued a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 30th. Valvoline’s dividend payout ratio is currently 21.58%.
In related news, insider Anthony R. Puckett sold 6,132 shares of the stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $21.72, for a total value of $133,187.04. Following the completion of the transaction, the insider now owns 5,445 shares of the company’s stock, valued at $118,265.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of VVV. Bristol John W & Co. Inc. NY purchased a new position in Valvoline in the first quarter valued at about $151,000. Envestnet Asset Management Inc. boosted its holdings in Valvoline by 63.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,696 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 2,602 shares during the last quarter. TLP Group LLC purchased a new position in Valvoline in the first quarter valued at about $208,000. GSA Capital Partners LLP purchased a new position in Valvoline in the second quarter valued at about $245,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Valvoline in the first quarter valued at about $248,000. 98.07% of the stock is owned by hedge funds and other institutional investors.
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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