Sanctuary Advisors LLC Has $349,000 Stock Holdings in Valvoline Inc. (NYSE:VVV)

Sanctuary Advisors LLC boosted its stake in Valvoline Inc. (NYSE:VVV) by 25.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,060 shares of the basic materials company’s stock after purchasing an additional 1,838 shares during the quarter. Sanctuary Advisors LLC’s holdings in Valvoline were worth $349,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 302 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Valvoline during the second quarter valued at about $34,000. Prospera Private Wealth LLC acquired a new position in shares of Valvoline during the third quarter valued at about $41,000. Blue Trust Inc. grew its holdings in shares of 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 buying an additional 604 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Valvoline by 46.5% during the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock valued at $61,000 after buying an additional 465 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VVV. Stephens began coverage on shares of Valvoline in a report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective for the company. Royal Bank of Canada reduced their price objective on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Mizuho reduced their price objective on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company cut their price target on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, Stifel Nicolaus initiated coverage on shares of Valvoline in a report on Friday, December 20th. They set a “hold” rating and a $42.00 price target on the stock. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

Insiders Place Their Bets

In other news, CTO Robert Travis Dobbins sold 1,914 shares of the business’s 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 sale, the chief technology officer now owns 14,956 shares of the company’s stock, valued at $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles M. Sonsteby purchased 10,000 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the transaction, the director now owns 26,437 shares of the company’s stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

Valvoline Stock Performance

Shares of VVV stock opened at $36.37 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 22.45 and a beta of 1.43. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26. The firm’s 50-day simple moving average is $39.80 and its two-hundred day simple moving average is $41.37.

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.