Valvoline (NYSE:VVV) CFO Purchases $501,492.25 in Stock

Key Points

• Valvoline's CFO, J Kevin Willis, purchased 12,725 shares of stock at $39.41 per share, totaling approximately $501,492.25, indicating strong insider confidence in the company's stock.
• The company reported a quarterly earnings per share (EPS) of $0.47, surpassing analyst expectations of $0.46, with revenues of $439 million, reflecting a 4.2% year-over-year growth.
• Analyst ratings for Valvoline show a consensus of "Moderate Buy" with an average target price of $42.31, indicating potential optimism among market experts.

Valvoline (NYSE:VVV - Get Free Report) CFO J Kevin Willis purchased 12,725 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $39.41 per share, with a total value of $501,492.25. Following the acquisition, the chief financial officer directly owned 12,725 shares of the company's stock, valued at $501,492.25. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Valvoline Trading Down 0.3%

VVV traded down $0.13 during trading on Friday, hitting $39.27. The company's stock had a trading volume of 1,466,912 shares, compared to its average volume of 1,753,250. The firm's 50 day moving average price is $37.33 and its 200-day moving average price is $36.08. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.73 and a quick ratio of 0.60. The stock has a market cap of $4.99 billion, a PE ratio of 18.27 and a beta of 1.17. Valvoline has a twelve month low of $31.01 and a twelve month high of $43.74.

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

Institutional Trading of Valvoline

A number of institutional investors have recently added to or reduced their stakes in the business. Maseco LLP acquired a new stake in shares of Valvoline in the 2nd quarter valued at about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Valvoline in the 1st quarter valued at about $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Valvoline in the 2nd quarter valued at about $43,000. American National Bank & Trust acquired a new stake in Valvoline during the first quarter worth about $40,000. Finally, Parallel Advisors LLC raised its stake in Valvoline by 67.5% during the second quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company's stock worth $44,000 after acquiring an additional 469 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on VVV shares. Zacks Research upgraded Valvoline to a "hold" rating in a report on Tuesday. Stephens upped their target price on Valvoline from $40.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group raised Valvoline from a "hold" rating to a "buy" rating and upped their target price for the company from $40.00 to $45.00 in a research report on Tuesday, June 3rd. Morgan Stanley cut their target price 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, Cfra Research raised Valvoline to a "hold" rating in a research report on Monday, July 7th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Valvoline currently has a consensus rating of "Moderate Buy" and an average target price of $42.31.

Valvoline Company 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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