Summit Trail Advisors LLC Cuts Stock Holdings in Valvoline Inc. (NYSE:VVV)

Summit Trail Advisors LLC decreased its position in Valvoline Inc. (NYSE:VVV) by 18.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,862 shares of the basic materials company’s stock after selling 2,252 shares during the quarter. Summit Trail Advisors LLC’s holdings in Valvoline were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after buying an additional 302 shares during the last quarter. Blue Trust Inc. lifted its position in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after buying an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Valvoline in the 2nd quarter worth approximately $34,000. Mather Group LLC. lifted its position in Valvoline by 1,617.0% in the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company’s stock worth $36,000 after buying an additional 760 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Valvoline in the 3rd quarter worth approximately $41,000. Institutional investors own 96.13% of the company’s stock.

Analysts Set New Price Targets

VVV has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Mizuho lowered their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stephens began coverage on Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price objective for the company. Robert W. Baird lowered their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada lowered their price objective on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valvoline currently has a consensus rating of “Buy” and a consensus target price of $46.25.

Insider Activity

In other Valvoline news, Director Charles M. Sonsteby bought 10,000 shares of Valvoline stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $39.50 per share, with a total value of $395,000.00. Following the completion of the purchase, the director now owns 26,437 shares of the company’s stock, valued at approximately $1,044,261.50. This represents a 60.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.34% of the company’s stock.

Valvoline Price Performance

VVV opened at $38.79 on Wednesday. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. Valvoline Inc. has a 52-week low of $33.86 and a 52-week high of $48.26. The stock has a market capitalization of $5.00 billion, a PE ratio of 23.94 and a beta of 1.46. The stock’s 50 day moving average price is $41.26 and its 200-day moving average price is $41.85.

Valvoline announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Valvoline Company Profile

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.