US Bancorp DE raised its stake in shares of Valvoline Inc. (NYSE:VVV) by 687.2% during the second quarter, Holdings Channel reports. The firm owned 31,362 shares of the basic materials company’s stock after buying an additional 27,378 shares during the period. US Bancorp DE’s holdings in Valvoline were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VVV. City Holding Co. purchased a new stake in shares of Valvoline during the second quarter worth approximately $128,000. Pacer Advisors Inc. increased its position in shares of Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock worth $137,000 after buying an additional 4,808 shares during the period. Legal & General Group Plc increased its position in shares of Valvoline by 1,210.5% in the first 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. M&T Bank Corp bought a new position in shares of Valvoline during the first quarter worth about $203,000. Finally, Fruth Investment Management bought a new position in shares of Valvoline during the second quarter worth about $208,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Inc. (NYSE:VVV) traded down 0.05% on Friday, reaching $22.13. The company’s stock had a trading volume of 790,843 shares. The company’s 50 day moving average price is $22.95 and its 200-day moving average price is $23.09. Valvoline Inc. has a 12-month low of $18.30 and a 12-month high of $24.98. The stock has a market cap of $4.48 billion and a PE ratio of 19.38.

Valvoline (NYSE:VVV) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. Valvoline had a net margin of 13.00% and a negative return on equity of 106.06%. The business had revenue of $534 million for the quarter, compared to analysts’ expectations of $530.57 million. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts expect that Valvoline Inc. will post $1.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.049 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.20 annualized dividend and a yield of 0.89%. Valvoline’s dividend payout ratio is 15.50%.

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VVV has been the subject of a number of analyst reports. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, June 7th. Deutsche Bank AG restated a “hold” rating and set a $23.00 price objective (up from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, June 7th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Valvoline in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.83.

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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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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