Valvoline Inc. (NYSE:VVV) CEO Lori Ann Flees Acquires 2,500 Shares of Stock

Valvoline Inc. (NYSE:VVV) CEO Lori Ann Flees bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of $39.64 per share, for a total transaction of $99,100.00. Following the acquisition, the chief executive officer now owns 38,428 shares of the company’s stock, valued at $1,523,285.92. This represents a 6.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Valvoline Trading Down 0.7 %

Valvoline stock opened at $39.44 on Tuesday. Valvoline Inc. has a 52 week low of $33.86 and a 52 week high of $48.26. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 24.35 and a beta of 1.43. The company has a 50 day moving average price of $41.14 and a 200 day moving average price of $41.78.

Institutional Trading of Valvoline

Several hedge funds and other institutional investors have recently modified their holdings of VVV. UMB Bank n.a. boosted its position in Valvoline by 92.1% during the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 302 shares during the period. Blue Trust Inc. lifted its position 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. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Valvoline during the second quarter worth approximately $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 valued at $36,000 after purchasing an additional 760 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Valvoline in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

VVV has been the subject of several research analyst reports. Stephens started coverage on Valvoline in a report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 price objective for the company. Baird R W raised shares of Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. Morgan Stanley lowered their price objective on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 20th. Wells Fargo & Company cut their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 20th. Finally, Mizuho decreased their price target on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating on the stock 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. Based on data from MarketBeat, Valvoline presently has an average rating of “Buy” and an average target price 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.