Leavell Investment Management Inc. acquired a new position in Valvoline Inc (NYSE:VVV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,236 shares of the basic materials company’s stock, valued at approximately $206,000.
Other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its stake in shares of 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 acquiring an additional 5,486 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Valvoline in the second quarter worth approximately $183,000. First Allied Advisory Services Inc. acquired a new position in shares of Valvoline in the second quarter worth approximately $201,000. HighTower Advisors LLC acquired a new position in shares of Valvoline in the second quarter worth approximately $218,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Valvoline in the second quarter worth approximately $237,000. 92.43% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on VVV shares. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley boosted their price target on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating 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 price target on the stock. in a research note on Wednesday, November 22nd. Longbow Research boosted their price target on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.88.
Valvoline Inc (VVV) opened at $24.94 on Friday. Valvoline Inc has a 12 month low of $20.99 and a 12 month high of $25.63. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of -8.84. The stock has a market capitalization of $5,070.00 and a P/E ratio of 16.74.
Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The business had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. During the same period last year, the firm posted $0.35 earnings per share. Valvoline’s quarterly revenue was up 10.7% compared to the same quarter last year. equities research analysts anticipate that Valvoline Inc will post 1.3 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.0745 dividend. The ex-dividend date was Thursday, November 30th. This is a positive change from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a yield of 1.19%. Valvoline’s payout ratio is 20.13%.
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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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