Julie Marie O’daniel Sells 2,000 Shares of Valvoline Inc. (NYSE:VVV) Stock

Posted by Defense World Staff on Sep 3rd, 2023

Valvoline Inc. (NYSE:VVV – Get Free Report) insider Julie Marie O’daniel sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $34.16, for a total value of $68,320.00. Following the completion of the transaction, the insider now directly owns 14,230 shares of the company’s stock, valued at approximately $486,096.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Julie Marie O’daniel also recently made the following trade(s):

On Friday, August 11th, Julie Marie O’daniel sold 3,087 shares of Valvoline stock. The stock was sold at an average price of $34.67, for a total value of $107,026.29.

Valvoline Trading Up 0.8 %

Valvoline stock opened at $34.72 on Friday. The firm has a 50 day moving average of $36.26 and a 200 day moving average of $35.89. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 3.93 and a beta of 1.35. Valvoline Inc. has a 12-month low of $24.40 and a 12-month high of $39.67. The company has a current ratio of 2.68, a quick ratio of 2.59 and a debt-to-equity ratio of 5.49.

Valvoline (NYSE:VVV – Get Free Report) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $376.20 million during the quarter, compared to analyst estimates of $367.53 million. Valvoline had a net margin of 110.05% and a return on equity of 42.99%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. As a group, research analysts predict that Valvoline Inc. will post 1.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on VVV. Seaport Res Ptn lowered Valvoline from a “buy” rating to a “neutral” rating in a research report on Monday, June 12th. Citigroup reduced their price target on shares of Valvoline from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, August 10th. Stephens initiated coverage on shares of Valvoline in a research report on Friday, June 23rd. They set an “overweight” rating and a $43.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Valvoline from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, August 10th. Finally, TheStreet lowered shares of Valvoline from a “b” rating to a “c” rating in a research report on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.60.

View Our Latest Research Report on Valvoline

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VVV. Belpointe Asset Management LLC boosted its stake in Valvoline by 54.9% in the 1st quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 330 shares during the period. First Manhattan CO. LLC. bought a new position in shares of Valvoline during the 1st quarter valued at approximately $35,000. CoreCap Advisors LLC bought a new position in shares of Valvoline during the 4th quarter valued at approximately $37,000. Harbor Capital Advisors Inc. bought a new position in shares of Valvoline during the 2nd quarter valued at approximately $37,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Valvoline by 52.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,230 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 422 shares during the last quarter. 92.03% of the stock is currently owned by institutional investors.

Valvoline Company Profile

(Get Free Report)

Valvoline Inc provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.