Julie Marie O’daniel Sells 9,886 Shares of Valvoline Inc. (NYSE:VVV) Stock

Valvoline Inc. (NYSE:VVVGet Rating) insider Julie Marie O’daniel sold 9,886 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $32.42, for a total value of $320,504.12. Following the sale, the insider now directly owns 16,230 shares in the company, valued at approximately $526,176.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

Valvoline Stock Down 0.2 %

Shares of VVV traded down $0.07 during midday trading on Thursday, hitting $32.74. 1,725,395 shares of the company’s stock traded hands, compared to its average volume of 1,885,460. Valvoline Inc. has a 1 year low of $24.40 and a 1 year high of $37.97. The firm’s fifty day moving average is $28.44 and its 200-day moving average is $29.57. The company has a current ratio of 1.76, a quick ratio of 1.73 and a debt-to-equity ratio of 4.97. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 13.87 and a beta of 1.36.

Valvoline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, December 2nd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, December 1st. Valvoline’s dividend payout ratio is presently 21.19%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VVV shares. Citigroup upped their price objective on Valvoline from $35.00 to $39.00 in a research note on Wednesday, November 16th. StockNews.com lowered shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th.

Hedge Funds Weigh In On Valvoline

Several hedge funds have recently modified their holdings of VVV. Glenview Capital Management LLC purchased a new stake in Valvoline during the 1st quarter worth approximately $55,059,000. Point72 Asset Management L.P. increased its position in shares of Valvoline by 191.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,247,705 shares of the basic materials company’s stock valued at $31,617,000 after acquiring an additional 820,074 shares during the period. Leeward Investments LLC MA purchased a new position in Valvoline in the 1st quarter worth $24,781,000. FMR LLC lifted its position in Valvoline by 4.2% during the 2nd quarter. FMR LLC now owns 15,356,847 shares of the basic materials company’s stock worth $442,738,000 after acquiring an additional 622,194 shares during the period. Finally, Freshford Capital Management LLC grew its stake in Valvoline by 57.8% during the 1st quarter. Freshford Capital Management LLC now owns 1,424,783 shares of the basic materials company’s stock valued at $44,965,000 after purchasing an additional 521,738 shares during the last quarter. Institutional investors and hedge funds own 90.68% of the company’s stock.

Valvoline Company Profile

(Get Rating)

Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through two segments, Retail Services and Global Products. 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; and oil and air filters for light-duty vehicles.

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