40,651 Shares in Valvoline $VVV Acquired by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. has acquired a new position in Valvoline, purchasing 40,651 shares valued at approximately $1.54 million in the second quarter.
• Valvoline reported a quarterly earnings per share of $0.47, surpassing expectations, with revenue of $439 million, showing a 4.2% year-over-year increase.
• Despite recent upgrades from analysts, including Piper Sandler raising their price target from $44 to $50, Valvoline shares opened at $40.47, reflecting a slight decline of 0.2%.

Wesbanco Bank Inc. bought a new position in Valvoline (NYSE:VVV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,651 shares of the basic materials company's stock, valued at approximately $1,539,000.

A number of other institutional investors have also recently made changes to their positions in VVV. Opal Wealth Advisors LLC bought a new stake in Valvoline in the 1st quarter valued at about $35,000. American National Bank & Trust bought a new stake in shares of Valvoline in the first quarter valued at approximately $40,000. Versant Capital Management Inc raised 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. CWM LLC lifted its stake in shares of Valvoline by 50.8% during the 1st quarter. CWM LLC now owns 1,440 shares of the basic materials company's stock valued at $50,000 after buying an additional 485 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Valvoline by 145.4% in the 1st quarter. UMB Bank n.a. now owns 1,531 shares of the basic materials company's stock worth $53,000 after buying an additional 907 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Trading Down 0.2%

Shares of Valvoline stock opened at $40.47 on Monday. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. Valvoline has a 1 year low of $31.01 and a 1 year high of $43.74. The firm has a market cap of $5.14 billion, a PE ratio of 18.82 and a beta of 1.21. The company has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $36.21.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to analysts' expectations of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Analysts expect that Valvoline will post 1.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Valvoline news, CFO J Kevin Willis purchased 12,725 shares of the business's stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the completion of the transaction, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Valvoline from a "sell" rating to a "hold" rating in a research note on Monday. Piper Sandler increased their price target on shares of Valvoline from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Wells Fargo & Company raised their price objective on shares of Valvoline from $42.00 to $44.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. The Goldman Sachs Group raised shares of Valvoline from a "hold" rating to a "buy" rating and upped their target price for the stock from $40.00 to $45.00 in a report on Tuesday, June 3rd. Finally, Cfra Research upgraded shares of Valvoline to a "hold" rating in a research report on Monday, July 7th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.77.

Valvoline Profile

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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