Valvoline Inc (NYSE:VVV) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $23.00.

A number of research firms recently weighed in on VVV. Zacks Investment Research lowered shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th. ValuEngine raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Seaport Global Securities raised shares of Valvoline from a “neutral” rating to a “buy” rating in a research note on Monday, September 17th. Wolfe Research lowered shares of Valvoline from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 7th. Finally, Citigroup set a $22.00 price objective on shares of Valvoline and gave the stock a “buy” rating in a research note on Thursday, November 8th.

In other Valvoline news, VP Thomas A. Gerrald II sold 1,566 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $20.39, for a total transaction of $31,930.74. Following the completion of the sale, the vice president now directly owns 1,643 shares of the company’s stock, valued at $33,500.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony R. Puckett sold 2,588 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $20.32, for a total transaction of $52,588.16. Following the sale, the insider now directly owns 3,298 shares of the company’s stock, valued at $67,015.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,698 shares of company stock valued at $95,350. Insiders own 0.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. increased its holdings in Valvoline by 5.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 49,775 shares of the basic materials company’s stock worth $1,074,000 after buying an additional 2,789 shares during the period. Riverhead Capital Management LLC increased its holdings in Valvoline by 22.5% in the 3rd quarter. Riverhead Capital Management LLC now owns 20,117 shares of the basic materials company’s stock worth $433,000 after buying an additional 3,700 shares during the period. First Hawaiian Bank acquired a new position in Valvoline in the 3rd quarter worth approximately $113,000. Teachers Advisors LLC increased its holdings in Valvoline by 1.0% in the 3rd quarter. Teachers Advisors LLC now owns 593,375 shares of the basic materials company’s stock worth $12,763,000 after buying an additional 5,805 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Valvoline by 12.5% in the 3rd quarter. Pacer Advisors Inc. now owns 68,956 shares of the basic materials company’s stock worth $1,483,000 after buying an additional 7,648 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE VVV traded down $0.01 during mid-day trading on Friday, reaching $20.73. The company had a trading volume of 674,023 shares, compared to its average volume of 870,315. The stock has a market cap of $3.87 billion, a PE ratio of 16.07, a PEG ratio of 1.43 and a beta of 0.90. Valvoline has a 52 week low of $17.49 and a 52 week high of $25.27.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. The firm had revenue of $594.00 million for the quarter, compared to analysts’ expectations of $593.80 million. Valvoline had a net margin of 7.26% and a negative return on equity of 95.31%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Research analysts forecast that Valvoline will post 1.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Friday, November 30th were given a dividend of $0.106 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.05%. This is a positive change from Valvoline’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, November 29th. Valvoline’s dividend payout ratio is presently 32.56%.

About Valvoline

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

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Analyst Recommendations for Valvoline (NYSE:VVV)

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