Stifel Financial Corp cut its stake in shares of Valvoline Inc (NYSE:VVV) by 52.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,669 shares of the basic materials company’s stock after selling 61,375 shares during the period. Stifel Financial Corp’s holdings in Valvoline were worth $1,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. bought a new position in shares of Valvoline in the second quarter worth approximately $183,000. First Allied Advisory Services Inc. bought a new position in shares of Valvoline in the second quarter worth approximately $201,000. Virginia Retirement Systems ET AL bought a new position in shares of Valvoline in the second quarter worth approximately $213,000. HighTower Advisors LLC bought a new position in shares of Valvoline in the second quarter worth approximately $218,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Valvoline in the second quarter worth approximately $237,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Shares of Valvoline Inc (NYSE:VVV) opened at $24.54 on Tuesday. The stock has a market capitalization of $4,970.00 and a P/E ratio of 16.47. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. Valvoline Inc has a 52 week low of $20.99 and a 52 week high of $25.07.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $547.00 million for the quarter, compared to analysts’ expectations 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 posted $0.35 EPS. equities analysts expect that Valvoline Inc will post 1.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio is 20.13%.

Several research analysts recently weighed in on VVV shares. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Morgan Stanley upped their target price on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. Seaport Global Securities lowered Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, November 22nd. Finally, ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.88.

In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares of the company’s stock, valued at $1,894.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the sale, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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Valvoline 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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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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