Valvoline Inc (NYSE:VVV) Shares Sold by Newport Trust Co

Newport Trust Co lowered its position in Valvoline Inc (NYSE:VVV) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 2,971,179 shares of the basic materials company’s stock after selling 105,664 shares during the quarter. Newport Trust Co’s holdings in Valvoline were worth $65,455,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Old North State Trust LLC acquired a new position in Valvoline in the third quarter valued at $30,000. Doyle Wealth Management acquired a new position in shares of Valvoline during the second quarter worth about $34,000. Parkside Financial Bank & Trust lifted its stake in shares of Valvoline by 50.2% during the second quarter. Parkside Financial Bank & Trust now owns 3,127 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 1,045 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Valvoline by 83.2% during the second quarter. AdvisorNet Financial Inc now owns 4,405 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Valvoline during the second quarter worth about $113,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Shares of VVV stock traded up $0.23 during trading hours on Friday, reaching $23.19. The company had a trading volume of 1,026,864 shares, compared to its average volume of 1,174,351. Valvoline Inc has a twelve month low of $16.90 and a twelve month high of $23.90. The company has a market capitalization of $4.33 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The stock’s fifty day simple moving average is $21.81 and its 200 day simple moving average is $20.46.

Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. Valvoline had a negative return on equity of 80.89% and a net margin of 9.60%. The business had revenue of $629.00 million during the quarter, compared to analyst estimates of $627.04 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Research analysts forecast that Valvoline Inc will post 1.45 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the company. ValuEngine lowered Valvoline from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research reiterated a “hold” rating on shares of Valvoline in a research note on Saturday, October 19th. Citigroup increased their target price on Valvoline from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, TheStreet upgraded Valvoline from a “d+” rating to a “c+” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $23.20.

About Valvoline

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.

Further Reading: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding VVV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valvoline Inc (NYSE:VVV).

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.