Wells Fargo & Company MN Has $29.49 Million Position in Valvoline Inc. (VVV)
Wells Fargo & Company MN boosted its position in shares of Valvoline Inc. (NYSE:VVV) by 125.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,257,567 shares of the basic materials company’s stock after acquiring an additional 700,783 shares during the period. Wells Fargo & Company MN owned 0.62% of Valvoline worth $29,491,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of VVV. Renaissance Technologies LLC purchased a new stake in Valvoline during the first quarter valued at approximately $2,007,000. Schwab Charles Investment Management Inc. lifted its position in Valvoline by 44.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 115,450 shares of the basic materials company’s stock valued at $2,835,000 after acquiring an additional 35,607 shares during the last quarter. Shell Asset Management Co. purchased a new stake in Valvoline during the second quarter valued at approximately $228,000. Great West Life Assurance Co. Can purchased a new stake in Valvoline during the second quarter valued at approximately $2,919,000. Finally, Trexquant Investment LP purchased a new stake in Valvoline during the second quarter valued at approximately $261,000. 92.19% of the stock is owned by institutional investors.
A number of research analysts have issued reports on VVV shares. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Saturday, October 21st. Morgan Stanley raised their price target on shares of Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $25.00 price target on shares of Valvoline in a report on Friday, November 10th. ValuEngine cut shares of Valvoline from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Seaport Global Securities cut shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Valvoline has an average rating of “Hold” and an average target price of $25.29.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony R. Puckett sold 4,294 shares of the 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. 0.07% of the stock is owned by corporate insiders.
Valvoline Inc. (NYSE VVV) remained flat at $$24.51 during midday trading on Friday. The company’s stock had a trading volume of 1,475,000 shares, compared to its average volume of 1,362,350. The firm has a market cap of $4,963.95, a PE ratio of 17.63, a PEG ratio of 2.32 and a beta of 1.62. Valvoline Inc. has a 12 month low of $20.40 and a 12 month high of $25.07. 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 (NYSE:VVV) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The company had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. analysts expect that Valvoline Inc. will post 1.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.0745 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio is presently 20.13%.
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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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