According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “
Several other research analysts have also weighed in on the stock. Monness Crespi & Hardt restated a buy rating and set a $24.00 price objective (down from $26.00) on shares of Valvoline in a research note on Friday, May 3rd. Morgan Stanley set a $19.00 price objective on shares of Valvoline and gave the stock a hold rating in a research note on Thursday, May 2nd. Finally, Buckingham Research assumed coverage on shares of Valvoline in a research note on Friday, March 15th. They set a neutral rating and a $20.00 price objective on the stock. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Valvoline presently has an average rating of Hold and an average target price of $22.13.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $591.00 million for the quarter, compared to analyst estimates of $596.71 million. Valvoline had a net margin of 9.70% and a negative return on equity of 76.15%. Valvoline’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. Research analysts predict that Valvoline will post 1.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.106 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, May 30th. Valvoline’s payout ratio is 32.56%.
In related news, CFO Mary E. Meixelsperger bought 7,500 shares of Valvoline stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $18.71 per share, with a total value of $140,325.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its holdings in shares of Valvoline by 958.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock worth $26,000 after buying an additional 1,380 shares during the period. Doyle Wealth Management bought a new stake in shares of Valvoline during the 4th quarter worth about $33,000. Claybrook Capital LLC bought a new stake in shares of Valvoline during the 4th quarter worth about $36,000. AdvisorNet Financial Inc boosted its holdings in shares of Valvoline by 48,000.0% during the 4th quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock worth $47,000 after buying an additional 2,400 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Valvoline during the 4th quarter worth about $51,000. 99.91% of the stock is owned by institutional investors and hedge funds.
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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