Valvoline (NYSE:VVV) had its target price hoisted by JPMorgan Chase & Co. from $22.00 to $23.00 in a research report sent to investors on Monday morning. They currently have a neutral rating on the basic materials company’s stock.

VVV has been the topic of several other research reports. SunTrust Banks reissued a hold rating and issued a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. Zacks Investment Research raised shares of Valvoline from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Saturday, October 21st. Seaport Global Securities downgraded shares of Valvoline from a buy rating to a neutral rating and set a $26.00 target price on the stock. in a report on Wednesday, November 22nd. ValuEngine downgraded shares of Valvoline from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Longbow Research boosted their target price on shares of Valvoline from $28.00 to $30.00 and gave the stock a buy rating in a report on Thursday, December 21st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $25.86.

Valvoline (NYSE VVV) opened at $23.44 on Monday. Valvoline has a 1-year low of $20.99 and a 1-year high of $25.63. The company has a debt-to-equity ratio of -5.91, a current ratio of 2.00 and a quick ratio of 1.54. The company has a market cap of $4,750.00 and a price-to-earnings ratio of 21.50.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The firm had revenue of $545.00 million for the quarter, compared to the consensus estimate of $530.10 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. research analysts expect that Valvoline will post 1.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.0745 dividend. This represents a $0.30 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, February 28th. Valvoline’s dividend payout ratio is presently 27.52%.

In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the completion of the sale, the insider now owns 6,192 shares in the company, valued at approximately $150,651.36. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its position in Valvoline by 600.2% in the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 5,486 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Valvoline in the second quarter worth $183,000. Leavell Investment Management Inc. bought a new stake in Valvoline in the fourth quarter worth $206,000. HighTower Advisors LLC bought a new stake in Valvoline in the second quarter worth $218,000. Finally, Good Life Advisors LLC bought a new stake in Valvoline in the fourth quarter worth $241,000. Institutional investors own 93.46% of the company’s stock.

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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.

Analyst Recommendations for Valvoline (NYSE:VVV)

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