Shares of Valvoline Inc (NYSE:VVV) have received an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.29.
Several research firms have recently weighed in on VVV. Buckingham Research set a $77.00 price objective on shares of MSC Industrial Direct and gave the company a “hold” rating in a research note on Monday, July 1st. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Monness Crespi & Hardt reissued a “buy” rating and issued a $97.00 price target (up previously from $95.00) on shares of Fortinet in a research report on Friday, May 3rd. Finally, Morgan Stanley lifted their price target on shares of Zynga and gave the company an “overweight” rating in a research report on Thursday, May 2nd.
Shares of NYSE:VVV traded down $0.03 during mid-day trading on Friday, hitting $19.94. The company had a trading volume of 20,131 shares, compared to its average volume of 915,806. The company has a fifty day moving average of $18.95. The firm has a market capitalization of $3.77 billion, a P/E ratio of 15.44, a PEG ratio of 1.66 and a beta of 0.99. Valvoline has a one year low of $16.90 and a one year high of $23.16.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a $0.106 dividend. This represents a $0.42 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, May 30th. Valvoline’s payout ratio is currently 32.56%.
In other Valvoline news, CFO Mary E. Meixelsperger purchased 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cipher Capital LP purchased a new position in Valvoline during the 4th quarter worth $236,000. Geode Capital Management LLC boosted its holdings in shares of Valvoline by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 1,890,328 shares of the basic materials company’s stock worth $36,577,000 after buying an additional 94,837 shares during the last quarter. Norges Bank purchased a new position in shares of Valvoline in the 4th quarter worth about $33,769,000. APG Asset Management N.V. purchased a new position in shares of Valvoline in the 4th quarter worth about $2,261,000. Finally, Brinker Capital Inc. boosted its holdings in shares of Valvoline by 106.0% in the 1st quarter. Brinker Capital Inc. now owns 37,487 shares of the basic materials company’s stock worth $696,000 after buying an additional 19,290 shares during the last quarter. 96.73% of the stock is currently owned by hedge funds and other institutional investors.
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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