Shelton Capital Management Trims Stake in Valvoline Inc. (NYSE:VVV)

Shelton Capital Management decreased its position in Valvoline Inc. (NYSE:VVV) by 8.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,937 shares of the basic materials company’s stock after selling 700 shares during the quarter. Shelton Capital Management’s holdings in Valvoline were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP boosted its stake in shares of Valvoline by 2.5% in the 2nd quarter. Quantinno Capital Management LP now owns 11,893 shares of the basic materials company’s stock valued at $446,000 after purchasing an additional 286 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Valvoline by 54.9% during the first quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company’s stock valued at $33,000 after buying an additional 330 shares during the last quarter. US Bancorp DE increased its holdings in shares of Valvoline by 3.5% in the second quarter. US Bancorp DE now owns 9,964 shares of the basic materials company’s stock worth $374,000 after buying an additional 334 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Valvoline by 0.9% in the first quarter. Envestnet Asset Management Inc. now owns 55,185 shares of the basic materials company’s stock worth $1,928,000 after buying an additional 483 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Valvoline by 6.5% in the 2nd quarter. Inspire Investing LLC now owns 9,782 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Valvoline Stock Down 1.7 %

Shares of Valvoline stock opened at $34.53 on Tuesday. The stock has a market capitalization of $4.79 billion, a PE ratio of 4.18 and a beta of 1.36. Valvoline Inc. has a 52-week low of $29.15 and a 52-week high of $39.67. The company has a debt-to-equity ratio of 7.83, a quick ratio of 2.49 and a current ratio of 2.59. The company has a 50-day simple moving average of $31.76 and a two-hundred day simple moving average of $34.89.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Thursday, November 9th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $390.00 million during the quarter, compared to the consensus estimate of $390.25 million. Valvoline had a return on equity of 35.65% and a net margin of 98.10%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. On average, analysts anticipate that Valvoline Inc. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on VVV. TheStreet cut Valvoline from a “b” rating to a “c” rating in a research note on Wednesday, August 9th. Morgan Stanley lowered their price target on shares of Valvoline from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price target on shares of Valvoline in a research report on Monday, September 11th. JPMorgan Chase & Co. decreased their price objective on shares of Valvoline from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, August 10th. Finally, StockNews.com upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.43.

Insider Transactions at Valvoline

In other Valvoline news, CFO Mary E. Meixelsperger bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $33.55 per share, for a total transaction of $201,300.00. Following the completion of the transaction, the chief financial officer now owns 116,219 shares of the company’s stock, valued at approximately $3,899,147.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Mary E. Meixelsperger acquired 6,000 shares of the stock in a transaction dated Monday, August 28th. The shares were purchased at an average cost of $33.55 per share, with a total value of $201,300.00. Following the transaction, the chief financial officer now directly owns 116,219 shares in the company, valued at $3,899,147.45. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert Travis Dobbins sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $33.53, for a total transaction of $57,001.00. Following the completion of the transaction, the senior vice president now owns 10,383 shares of the company’s stock, valued at $348,141.99. The disclosure for this sale can be found here. Insiders have acquired 17,839 shares of company stock worth $601,606 in the last quarter. Company insiders own 0.99% of the company’s stock.

Valvoline Company Profile

Valvoline Inc provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.