323,458 Shares in Valvoline Inc. (NYSE:VVV) Purchased by Charter Oak Advisors LP

Charter Oak Advisors LP acquired a new position in Valvoline Inc. (NYSE:VVV - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 323,458 shares of the basic materials company's stock, valued at approximately $11,703,000. Valvoline accounts for 6.7% of Charter Oak Advisors LP's investment portfolio, making the stock its 6th biggest holding. Charter Oak Advisors LP owned 0.25% of Valvoline at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Wasatch Advisors LP increased its holdings in Valvoline by 11.1% in the 4th quarter. Wasatch Advisors LP now owns 10,818,256 shares of the basic materials company's stock valued at $391,405,000 after purchasing an additional 1,080,114 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Valvoline by 14.2% during the 4th quarter. NewEdge Advisors LLC now owns 55,705 shares of the basic materials company's stock valued at $2,015,000 after buying an additional 6,912 shares during the period. Mariner LLC lifted its position in Valvoline by 3.7% during the 4th quarter. Mariner LLC now owns 16,793 shares of the basic materials company's stock worth $608,000 after acquiring an additional 602 shares in the last quarter. Barclays PLC boosted its holdings in Valvoline by 271.0% in the 4th quarter. Barclays PLC now owns 198,785 shares of the basic materials company's stock worth $7,192,000 after acquiring an additional 145,205 shares during the period. Finally, Townsquare Capital LLC raised its stake in shares of Valvoline by 2.1% during the fourth quarter. Townsquare Capital LLC now owns 114,664 shares of the basic materials company's stock valued at $4,149,000 after purchasing an additional 2,372 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Stock Performance

Shares of VVV traded down $0.54 during mid-day trading on Monday, reaching $32.94. 303,392 shares of the company's stock traded hands, compared to its average volume of 1,365,894. Valvoline Inc. has a 12 month low of $31.02 and a 12 month high of $48.27. The stock has a market capitalization of $4.19 billion, a P/E ratio of 15.76 and a beta of 1.32. The business's 50-day moving average price is $35.49 and its 200-day moving average price is $37.69. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70.

Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Equities analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the sale, the insider now directly owns 15,305 shares in the company, valued at approximately $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VVV shares. Mizuho dropped their price target on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their target price on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Morgan Stanley restated an "equal weight" rating and issued a $38.00 price target (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. TD Cowen began coverage on shares of Valvoline in a research report on Friday, April 4th. They issued a "buy" rating and a $40.00 target price for the company. Finally, TD Securities started coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $43.67.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.