Eos Focused Equity Management L.P. Has $1.76 Million Position in Valvoline Inc (VVV)
Eos Focused Equity Management L.P. trimmed its position in Valvoline Inc (NYSE:VVV) by 31.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,171 shares of the basic materials company’s stock after selling 31,719 shares during the period. Valvoline makes up approximately 2.9% of Eos Focused Equity Management L.P.’s holdings, making the stock its 18th biggest holding. Eos Focused Equity Management L.P.’s holdings in Valvoline were worth $1,758,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC raised its holdings in Valvoline by 600.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after buying an additional 5,486 shares during the period. Macquarie Group Ltd. acquired a new stake in Valvoline during the 2nd quarter worth approximately $183,000. Leavell Investment Management Inc. acquired a new stake in Valvoline during the 4th quarter worth approximately $206,000. HighTower Advisors LLC acquired a new stake in Valvoline during the 2nd quarter worth approximately $218,000. Finally, Dean Capital Investments Management LLC acquired a new stake in Valvoline during the 4th quarter worth approximately $254,000. Institutional investors and hedge funds own 92.79% of the company’s stock.
Shares of Valvoline Inc (NYSE:VVV) opened at $23.18 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of -5.91. Valvoline Inc has a fifty-two week low of $20.99 and a fifty-two week high of $25.63. The stock has a market cap of $4,593.51, a P/E ratio of 21.27, a PEG ratio of 2.06 and a beta of 0.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.0745 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.29%. Valvoline’s dividend payout ratio (DPR) is presently 27.52%.
In other news, insider Anthony R. Puckett sold 4,294 shares of Valvoline stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the sale, the insider now directly owns 6,192 shares in the company, valued at $150,651.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of Valvoline stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.
VVV has been the topic of several research analyst reports. SunTrust Banks restated a “hold” rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. Zacks Investment Research upgraded 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 raised 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.71.
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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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