Thomas A. Gerrald II Sells 3,800 Shares of Valvoline Inc. (VVV) Stock
Valvoline Inc. (NYSE:VVV) SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now owns 77 shares in the company, valued at $1,894.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Valvoline Inc. (NYSE:VVV) opened at $24.15 on Wednesday. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. The firm has a market capitalization of $4,890.00 and a price-to-earnings ratio of 17.68. Valvoline Inc. has a 12 month low of $19.57 and a 12 month high of $25.07.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. sell-side analysts forecast that Valvoline Inc. will post 1.27 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.0745 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio is 20.13%.
A number of brokerages have commented on VVV. Zacks Investment Research lowered Valvoline from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. J P Morgan Chase & Co reissued a “neutral” rating and issued a $22.00 price target (up previously from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Seaport Global Securities downgraded Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target on the stock. in a research note on Wednesday, November 22nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $25.00 price target on shares of Valvoline in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.29.
Several hedge funds have recently bought and sold shares of VVV. Legal & General Group Plc raised its stake in Valvoline by 1,210.5% during the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after buying an additional 7,578 shares during the period. Geode Capital Management LLC raised its stake in Valvoline by 8.5% during the 1st quarter. Geode Capital Management LLC now owns 253,378 shares of the basic materials company’s stock worth $6,220,000 after buying an additional 19,872 shares during the period. Renaissance Technologies LLC acquired a new stake in Valvoline during the 1st quarter worth $2,007,000. Schwab Charles Investment Management Inc. raised its stake in Valvoline by 44.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 115,450 shares of the basic materials company’s stock worth $2,835,000 after buying an additional 35,607 shares during the period. Finally, Capstone Asset Management Co. acquired a new stake in Valvoline during the 2nd quarter worth $418,000. 92.19% of the stock is currently owned by institutional investors.
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Valvoline Company Profile
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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