Stifel Financial Corp reduced its stake in Valvoline Inc (NYSE:VVV) by 6.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 63,855 shares of the basic materials company’s stock after selling 4,441 shares during the quarter. Stifel Financial Corp’s holdings in Valvoline were worth $1,416,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of VVV. California Public Employees Retirement System lifted its holdings in shares of Valvoline by 3.3% in the 4th quarter. California Public Employees Retirement System now owns 387,000 shares of the basic materials company’s stock worth $9,698,000 after acquiring an additional 12,500 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Valvoline in the 4th quarter worth approximately $7,712,000. Wells Fargo & Company MN lifted its holdings in shares of Valvoline by 38.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,736,315 shares of the basic materials company’s stock worth $43,513,000 after acquiring an additional 478,748 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Valvoline by 9.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 519,459 shares of the basic materials company’s stock worth $13,017,000 after acquiring an additional 46,159 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Valvoline by 26.9% in the 4th quarter. Arizona State Retirement System now owns 145,845 shares of the basic materials company’s stock worth $3,655,000 after acquiring an additional 30,952 shares during the last quarter. Hedge funds and other institutional investors own 98.06% of the company’s stock.
Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Valvoline from a “hold” rating to a “sell” rating in a report on Monday, June 11th. JPMorgan Chase & Co. upgraded shares of Valvoline from an “underweight” rating to a “neutral” rating and set a $22.00 price objective on the stock in a report on Friday, May 4th. Morgan Stanley decreased their price objective on shares of Valvoline from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 3rd. Longbow Research lowered shares of Valvoline from a “buy” rating to a “neutral” rating in a report on Thursday, April 19th. Finally, Wolfe Research began coverage on shares of Valvoline in a report on Wednesday, March 7th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Valvoline currently has an average rating of “Hold” and an average target price of $25.83.
Valvoline opened at $20.90 on Tuesday, MarketBeat reports. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.29 and a beta of 1.08. Valvoline Inc has a 52-week low of $19.86 and a 52-week high of $25.63. The company has a current ratio of 1.92, a quick ratio of 1.45 and a debt-to-equity ratio of -5.23.
Valvoline (NYSE:VVV) last released its earnings results on Wednesday, May 2nd. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. The company had revenue of $569.00 million for the quarter, compared to analyst estimates of $571.92 million. Valvoline had a net margin of 9.93% and a negative return on equity of 142.70%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. equities analysts expect that Valvoline Inc will post 1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a dividend of $0.0745 per share. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.43%. Valvoline’s dividend payout ratio (DPR) is presently 21.58%.
Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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