24,169 Shares in Valvoline (NYSE:VVV) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 24,169 shares of Valvoline, worth approximately $841,000, during the first quarter, reflecting growing institutional interest in the company.
• Valvoline's CEO, Lori Ann Flees, purchased 3,000 shares of the company at an average price of $33.78, indicating insider confidence in the company's stock.
• Research analysts have mixed views on Valvoline's stock, with ratings ranging from "hold" to "overweight," and a consensus price target of $42.15.

XTX Topco Ltd purchased a new stake in shares of Valvoline (NYSE:VVV - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,169 shares of the basic materials company's stock, valued at approximately $841,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of Valvoline by 1,004.9% during the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after buying an additional 814 shares during the period. Opal Wealth Advisors LLC purchased a new position in Valvoline during the first quarter valued at $35,000. American National Bank & Trust purchased a new position in Valvoline during the first quarter valued at $40,000. Versant Capital Management Inc grew its position in shares of Valvoline by 221.8% in the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 814 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Valvoline during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VVV shares. Cfra Research raised shares of Valvoline to a "hold" rating in a research note on Monday, July 7th. Citigroup decreased their target price on Valvoline from $41.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Stephens boosted their price target on Valvoline from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Morgan Stanley decreased their price objective on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $44.00 target price (down previously from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Valvoline currently has an average rating of "Moderate Buy" and a consensus price target of $42.15.

Valvoline Trading Down 0.7%

Shares of VVV stock opened at $35.02 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 4.23. Valvoline has a twelve month low of $31.01 and a twelve month high of $45.28. The company's 50-day moving average price is $36.71 and its 200-day moving average price is $35.96. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 17.00 and a beta of 1.17.

Valvoline (NYSE:VVV - Get Free Report) last posted its earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The firm had revenue of $403.20 million during the quarter, compared to analyst estimates of $405.38 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts predict that Valvoline will post 1.63 earnings per share for the current year.

Insider Buying and Selling

In other Valvoline news, CEO Lori Ann Flees bought 3,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $33.78 per share, with a total value of $101,340.00. Following the completion of the purchase, the chief executive officer directly owned 46,614 shares in the company, valued at $1,574,620.92. The trade was a 6.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.66% of the company's stock.

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.

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