Valvoline (NYSE:VVV) Trading Up 11.6%

Valvoline Inc (NYSE:VVV) shares were up 11.6% during trading on Wednesday . The stock traded as high as $11.93 and last traded at $13.23, approximately 323,948 shares were traded during mid-day trading. A decline of 91% from the average daily volume of 3,509,243 shares. The stock had previously closed at $11.85.

Several analysts have recently commented on VVV shares. Zacks Investment Research cut Valvoline from a “hold” rating to a “sell” rating in a report on Friday, February 7th. ValuEngine cut Valvoline from a “hold” rating to a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised Valvoline from an “underweight” rating to a “neutral” rating and raised their price target for the company from $18.00 to $21.00 in a report on Wednesday, February 5th. Morgan Stanley reduced their price target on Valvoline from $23.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. Finally, Goldman Sachs Group raised Valvoline from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $23.14.

The firm has a fifty day moving average price of $18.72 and a 200 day moving average price of $21.07. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.53 and a beta of 0.86.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Monday, February 3rd. The basic materials company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $581.85 million. Valvoline had a negative return on equity of 110.76% and a net margin of 9.34%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, research analysts anticipate that Valvoline Inc will post 1.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 28th were issued a dividend of $0.113 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.45 annualized dividend and a yield of 3.26%. Valvoline’s dividend payout ratio is presently 32.37%.

In related news, SVP Frances E. Lockwood sold 2,500 shares of Valvoline stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $797,617. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.

A number of hedge funds have recently modified their holdings of VVV. First Quadrant L P CA acquired a new position in Valvoline during the fourth quarter worth $32,000. Advisory Services Network LLC raised its holdings in Valvoline by 105.2% during the fourth quarter. Advisory Services Network LLC now owns 1,744 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 894 shares during the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in Valvoline during the fourth quarter worth $39,000. Savior LLC acquired a new position in Valvoline during the fourth quarter worth $48,000. Finally, Ancora Advisors LLC acquired a new position in Valvoline during the fourth quarter worth $75,000. 92.34% of the stock is owned by hedge funds and other institutional investors.

Valvoline Company Profile (NYSE:VVV)

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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