Valvoline (NYSE:VVV – Get Free Report) had its price target cut by equities research analysts at Mizuho from $46.00 to $42.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price objective would indicate a potential upside of 20.59% from the company’s current price.
VVV has been the subject of several other reports. Morgan Stanley cut their target price on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Robert W. Baird cut their price objective on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Wells Fargo & Company lowered their target price on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. Stephens assumed coverage on Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price target for the company. Finally, Royal Bank of Canada decreased their price objective on Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.
View Our Latest Stock Report on Valvoline
Valvoline Trading Down 1.6 %
Insider Transactions at Valvoline
In other news, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the acquisition, the director now owns 26,437 shares of the company’s stock, valued at $1,044,261.50. This trade represents a 60.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Robert Travis Dobbins sold 1,914 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the transaction, the chief technology officer now directly owns 14,956 shares of the company’s stock, valued at approximately $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
Institutional Trading of Valvoline
Several hedge funds have recently modified their holdings of the company. Wasatch Advisors LP raised its stake in Valvoline by 16.8% during the third quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock valued at $407,541,000 after purchasing an additional 1,398,310 shares in the last quarter. State Street Corp increased its holdings in shares of Valvoline by 0.4% in the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after buying an additional 16,916 shares during the last quarter. Congress Asset Management Co. raised its position in shares of Valvoline by 2.8% during the 3rd quarter. Congress Asset Management Co. now owns 3,656,672 shares of the basic materials company’s stock valued at $153,032,000 after buying an additional 100,305 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Valvoline by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock valued at $117,534,000 after acquiring an additional 94,673 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Valvoline by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock worth $93,215,000 after acquiring an additional 54,545 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.
Valvoline Company Profile
Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.
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