Corient Private Wealth LLC Sells 60,982 Shares of Valvoline Inc. (NYSE:VVV)

Corient Private Wealth LLC lessened its position in shares of Valvoline Inc. (NYSE:VVV) by 41.1% in the 4th quarter, HoldingsChannel reports. The fund owned 87,296 shares of the basic materials company’s stock after selling 60,982 shares during the period. Corient Private Wealth LLC’s holdings in Valvoline were worth $3,158,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Royce & Associates LP increased its stake in Valvoline by 0.9% during the 4th quarter. Royce & Associates LP now owns 1,262,293 shares of the basic materials company’s stock valued at $45,670,000 after purchasing an additional 11,111 shares in the last quarter. Natixis Advisors LLC increased its stake in Valvoline by 11.3% during the 4th quarter. Natixis Advisors LLC now owns 470,651 shares of the basic materials company’s stock valued at $17,029,000 after purchasing an additional 47,662 shares in the last quarter. Hilton Capital Management LLC increased its stake in Valvoline by 4.5% during the 4th quarter. Hilton Capital Management LLC now owns 46,160 shares of the basic materials company’s stock valued at $1,670,000 after purchasing an additional 2,002 shares in the last quarter. Atala Financial Inc acquired a new position in Valvoline during the 4th quarter valued at approximately $77,000. Finally, Commonwealth Equity Services LLC increased its stake in Valvoline by 13.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 9,411 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Performance

Shares of NYSE VVV opened at $35.28 on Friday. The company’s fifty day moving average price is $36.86 and its 200 day moving average price is $38.73. Valvoline Inc. has a 1 year low of $33.90 and a 1 year high of $48.27. The company has a market capitalization of $4.48 billion, a PE ratio of 16.88 and a beta of 1.48. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. On average, research analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on VVV shares. Mizuho cut their price target on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 price objective on the stock. Royal Bank of Canada increased their price objective on shares of Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Valvoline from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.40.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares of the company’s stock, valued at $572,560.05. This trade represents a 28.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

Valvoline 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.