Valvoline Inc. (NYSE:VVV) Stock Holdings Lowered by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Valvoline Inc. (NYSE:VVV) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,693 shares of the basic materials company’s stock after selling 395 shares during the quarter. State of Alaska Department of Revenue’s holdings in Valvoline were worth $531,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Prospera Private Wealth LLC purchased a new position in Valvoline during the third quarter valued at approximately $41,000. ORG Partners LLC grew its position in Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 1,050 shares in the last quarter. Blue Trust Inc. grew its position in Valvoline by 83.0% during the third quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 604 shares in the last quarter. Vestor Capital LLC purchased a new position in Valvoline during the third quarter valued at approximately $69,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Valvoline during the third quarter valued at approximately $97,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

VVV has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Stifel Nicolaus initiated coverage on shares of Valvoline in a research report on Friday, December 20th. They issued a “hold” rating and a $42.00 target price for the company. Robert W. Baird decreased their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Valvoline currently has a consensus rating of “Moderate Buy” and an average target price of $44.40.

Valvoline Stock Down 1.0 %

Shares of NYSE:VVV opened at $39.69 on Friday. Valvoline Inc. has a 12 month low of $33.90 and a 12 month high of $48.26. The company’s 50-day moving average price is $37.09 and its two-hundred day moving average price is $39.76. The company has a quick ratio of 0.61, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The firm has a market cap of $5.04 billion, a P/E ratio of 18.99 and a beta of 1.45.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. As a group, research analysts forecast that Valvoline Inc. will post 1.64 EPS for the current fiscal year.

Insider Activity

In other Valvoline news, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction dated Monday, November 25th. The shares were bought at an average price of $39.50 per share, with a total value of $395,000.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lori Ann Flees bought 2,500 shares of Valvoline stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $39.64 per share, for a total transaction of $99,100.00. Following the purchase, the chief executive officer now directly owns 38,428 shares in the company, valued at approximately $1,523,285.92. The trade was a 6.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

About Valvoline

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.