Valvoline Inc. (NYSE:VVV) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,928 shares of the basic materials company's stock after selling 28,004 shares during the period. Stifel Financial Corp's holdings in Valvoline were worth $1,481,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Huntington National Bank increased its stake in Valvoline by 1,004.9% during 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 last quarter. Centricity Wealth Management LLC purchased a new stake in Valvoline during the fourth quarter worth approximately $36,000. ORG Partners LLC grew its holdings in shares of Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock worth $46,000 after purchasing an additional 1,050 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Valvoline in the fourth quarter valued at approximately $49,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Valvoline in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Valvoline Stock Down 2.7 %

NYSE:VVV traded down $0.90 on Friday, reaching $33.00. The stock had a trading volume of 2,487,931 shares, compared to its average volume of 1,395,745. Valvoline Inc. has a 12-month low of $31.02 and a 12-month high of $48.27. The stock has a market cap of $4.19 billion, a P/E ratio of 15.79 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 company has a 50-day moving average of $34.42 and a 200 day moving average of $37.01.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $405.38 million. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. Valvoline's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, research analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Valvoline

In other news, insider Julie Marie O'daniel sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total value 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. The trade was a 28.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VVV. Citigroup reduced their price objective on shares of Valvoline from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Royal Bank of Canada upped their price objective on Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. TD Securities initiated coverage on Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target for the company. Morgan Stanley lowered their target price on shares of Valvoline from $41.00 to $39.00 and set an "equal weight" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Four 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.