Insider Buying: Valvoline Inc. (NYSE:VVV) Director Purchases 10,000 Shares of Stock

Valvoline Inc. (NYSE:VVV) Director Charles M. Sonsteby acquired 10,000 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the transaction, the director now owns 26,437 shares in the company, valued at approximately $1,044,261.50. This represents a 60.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Valvoline Stock Up 3.4 %

Valvoline stock opened at $40.10 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. The firm’s fifty day moving average price is $41.21 and its two-hundred day moving average price is $41.82. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 24.75 and a beta of 1.46. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lowered their target price on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Mizuho dropped their target price on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Wells Fargo & Company reduced their price target on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Finally, Morgan Stanley cut their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $46.25.

Hedge Funds Weigh In On Valvoline

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in Valvoline by 20.1% during the 3rd quarter. Tidal Investments LLC now owns 54,364 shares of the basic materials company’s stock worth $2,275,000 after purchasing an additional 9,089 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Valvoline by 25.5% during the third quarter. Sanctuary Advisors LLC now owns 9,060 shares of the basic materials company’s stock worth $349,000 after buying an additional 1,838 shares in the last quarter. Invst LLC grew its holdings in Valvoline by 3.7% during the third quarter. Invst LLC now owns 15,931 shares of the basic materials company’s stock worth $667,000 after buying an additional 563 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Valvoline by 11.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 7,209 shares of the basic materials company’s stock valued at $302,000 after buying an additional 760 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Valvoline by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock valued at $93,215,000 after acquiring an additional 54,545 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

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.