Valvoline (NYSE:VVV) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in Valvoline (NYSE:VVV - Free Report) by 9.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,565 shares of the basic materials company's stock after selling 11,915 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.09% of Valvoline worth $3,884,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank lifted its stake in shares of Valvoline by 1,004.9% in the fourth quarter. Huntington National Bank now owns 895 shares of the basic materials company's stock worth $32,000 after acquiring an additional 814 shares during the period. Opal Wealth Advisors LLC bought a new stake in Valvoline during the first quarter worth $35,000. American National Bank & Trust bought a new stake in Valvoline during the first quarter worth $40,000. Versant Capital Management Inc grew its holdings in Valvoline by 221.8% during the first quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company's stock worth $41,000 after buying an additional 814 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Valvoline during the fourth quarter worth $49,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on VVV shares. Wells Fargo & Company reduced their price objective on Valvoline from $44.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. TD Cowen initiated coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. TD Securities initiated coverage on Valvoline in a research report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Morgan Stanley dropped their price target on Valvoline from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $44.00 price target (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.54.

Insider Buying and Selling at Valvoline

In related news, CEO Lori Ann Flees bought 3,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $33.78 per share, with a total value of $101,340.00. Following the transaction, the chief executive officer now owns 46,614 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company's stock.

Valvoline Stock Performance

NYSE:VVV traded up $1.23 during mid-day trading on Friday, hitting $38.27. 3,295,255 shares of the company traded hands, compared to its average volume of 1,500,747. The stock's fifty day moving average price is $35.22 and its 200-day moving average price is $35.77. Valvoline has a one year low of $31.02 and a one year high of $48.27. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 4.23. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 18.58 and a beta of 1.17.

Valvoline (NYSE:VVV - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $403.20 million for the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a net margin of 15.97% and a return on equity of 106.36%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Research analysts anticipate that Valvoline will post 1.63 earnings per share for the current fiscal year.

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.