Valvoline Inc. (NYSE:VVV) CTO Sells $76,560.00 in Stock

Valvoline Inc. (NYSE:VVV) CTO Robert Travis Dobbins sold 1,914 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the completion of the sale, the chief technology officer now directly owns 14,956 shares in the company, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Valvoline Stock Performance

Shares of Valvoline stock opened at $38.36 on Friday. The business has a 50 day moving average price of $40.64 and a 200-day moving average price of $41.64. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26. The company has a market cap of $4.92 billion, a PE ratio of 23.68 and a beta of 1.43. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77.

Hedge Funds Weigh In On Valvoline

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Valvoline in the second quarter valued at approximately $128,000. Sequoia Financial Advisors LLC increased its holdings in Valvoline by 53.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,294 shares of the basic materials company’s stock worth $401,000 after acquiring an additional 3,219 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Valvoline by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company’s stock valued at $48,857,000 after buying an additional 68,340 shares in the last quarter. Finally, Leeward Investments LLC MA grew its position in shares of Valvoline by 0.8% in the second quarter. Leeward Investments LLC MA now owns 670,717 shares of the basic materials company’s stock valued at $28,975,000 after purchasing an additional 5,178 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VVV has been the topic of a number of research analyst reports. Robert W. Baird reduced their price target on shares of Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada reduced their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 20th. Mizuho decreased their price objective on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Stephens initiated coverage on Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valvoline presently has an average rating of “Buy” and a consensus price target of $46.25.

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.