Lori Ann Flees Purchases 3,000 Shares of Valvoline Inc. (NYSE:VVV) Stock

Valvoline Inc. (NYSE:VVV - Get Free Report) CEO Lori Ann Flees purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $33.78 per share, for a total transaction of $101,340.00. Following the completion of the purchase, the chief executive officer now owns 46,614 shares in the company, valued at $1,574,620.92. This trade represents a 6.88% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Valvoline Stock Performance

Shares of VVV stock traded up $0.66 during trading on Friday, hitting $34.62. The company's stock had a trading volume of 1,834,407 shares, compared to its average volume of 1,430,009. The company has a market cap of $4.40 billion, a PE ratio of 16.56 and a beta of 1.20. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 4.39. The business has a fifty day moving average of $34.15 and a 200-day moving average of $36.21. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27.

Valvoline (NYSE:VVV - Get Free Report) last released its 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 business had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. As a group, research analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current year.

Hedge Funds Weigh In On Valvoline

Several institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Valvoline by 52.4% during the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after purchasing an additional 18,414 shares during the period. Blue Trust Inc. grew its holdings in Valvoline by 90.5% during the fourth quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock valued at $92,000 after purchasing an additional 1,206 shares during the period. KBC Group NV grew its holdings in Valvoline by 61.1% during the fourth quarter. KBC Group NV now owns 4,647 shares of the basic materials company's stock valued at $168,000 after purchasing an additional 1,763 shares during the period. Pacer Advisors Inc. grew its holdings in Valvoline by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 373 shares during the period. Finally, R Squared Ltd bought a new position in Valvoline during the fourth quarter valued at $136,000. 96.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VVV has been the topic of a number of research reports. Royal Bank of Canada upped their price target on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. TD Securities started coverage on Valvoline in a research note on Friday, April 4th. They issued a "buy" rating and a $40.00 price objective for the company. Citigroup lowered their price objective on Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Piper Sandler reissued an "overweight" rating and issued a $44.00 price objective (down from $45.00) on shares of Valvoline in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Valvoline currently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

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.