Craig A. Moughler Sells 557 Shares of Valvoline Inc (NYSE:VVV) Stock

Valvoline Inc (NYSE:VVV) SVP Craig A. Moughler sold 557 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $23.20, for a total transaction of $12,922.40. Following the sale, the senior vice president now owns 25,427 shares of the company’s stock, valued at approximately $589,906.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Valvoline stock opened at $23.06 on Tuesday. The company has a 50-day simple moving average of $22.00 and a 200-day simple moving average of $20.66. The firm has a market capitalization of $4.34 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.60 and a beta of 0.89. Valvoline Inc has a one year low of $16.90 and a one year high of $23.90.

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

VVV has been the subject of several recent research reports. Citigroup boosted their target price on shares of Valvoline from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. TheStreet upgraded shares of Valvoline from a “d+” rating to a “c+” rating in a research report on Monday, September 23rd. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, ValuEngine lowered shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.20.

Several institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. grew its position in shares of Valvoline by 28.6% during the second quarter. Wasatch Advisors Inc. now owns 4,469,705 shares of the basic materials company’s stock worth $87,293,000 after acquiring an additional 993,754 shares during the last quarter. Schroder Investment Management Group grew its position in Valvoline by 4.8% in the 2nd quarter. Schroder Investment Management Group now owns 3,890,561 shares of the basic materials company’s stock valued at $75,983,000 after buying an additional 178,746 shares in the last quarter. Tensile Capital Management LLC grew its position in Valvoline by 3.7% in the 2nd quarter. Tensile Capital Management LLC now owns 3,185,494 shares of the basic materials company’s stock valued at $62,213,000 after buying an additional 113,422 shares in the last quarter. Boston Partners grew its position in Valvoline by 15.8% in the 2nd quarter. Boston Partners now owns 3,117,717 shares of the basic materials company’s stock valued at $60,985,000 after buying an additional 424,373 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Valvoline by 1.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,815,267 shares of the basic materials company’s stock valued at $35,452,000 after buying an additional 30,328 shares in the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.

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.

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