Valvoline Inc. (NYSE:VVV - Get Free Report) CEO Lori Ann Flees purchased 2,500 shares of Valvoline stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $39.64 per share, with a total value of $99,100.00. Following the completion of the acquisition, the chief executive officer now owns 38,428 shares in the company, valued at $1,523,285.92. The trade was a 6.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Valvoline Stock Performance
VVV opened at $39.44 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. The stock's 50 day moving average price is $41.14 and its two-hundred day moving average price is $41.78. The firm has a market capitalization of $5.06 billion, a P/E ratio of 24.35 and a beta of 1.43. Valvoline Inc. has a 12-month low of $33.86 and a 12-month high of $48.26.
Analyst Ratings Changes
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VVV has been the subject of a number of analyst reports. Stephens initiated coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 target price for the company. Morgan Stanley decreased their price objective on shares of Valvoline from $46.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, November 20th. Mizuho cut their target price on Valvoline from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Baird R W upgraded Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada cut their price objective on Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $46.25.
Read Our Latest Research Report on Valvoline
Hedge Funds Weigh In On Valvoline
Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 302 shares during the period. Blue Trust Inc. raised its position in shares of Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock valued at $32,000 after buying an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Valvoline in the second quarter valued at about $34,000. Mather Group LLC. grew its position in Valvoline by 1,617.0% during the second quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock worth $36,000 after buying an additional 760 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Valvoline during the third quarter valued at about $41,000. Institutional investors own 96.13% of the company's stock.
Valvoline Company Profile
(
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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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