Mary E. Meixelsperger Purchases 7,500 Shares of Valvoline Inc (VVV) Stock

Valvoline Inc (NYSE:VVV) CFO Mary E. Meixelsperger bought 7,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $18.71 per share, with a total value of $140,325.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Valvoline stock opened at $18.81 on Wednesday. The firm has a market capitalization of $3.52 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. Valvoline Inc has a 12 month low of $17.49 and a 12 month high of $23.16.

Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The business had revenue of $557.00 million during the quarter, compared to analyst estimates of $584.75 million. Valvoline had a negative return on equity of 80.99% and a net margin of 9.97%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Research analysts expect that Valvoline Inc will post 1.34 EPS for the current year.

Several analysts have recently commented on the company. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Buckingham Research assumed coverage on Valvoline in a research report on Friday, March 15th. They issued a “neutral” rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.88.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VVV. JPMorgan Chase & Co. boosted its position in Valvoline by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock valued at $124,196,000 after purchasing an additional 684,854 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Valvoline by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,808,337 shares of the basic materials company’s stock valued at $60,408,000 after purchasing an additional 150,345 shares during the last quarter. Franklin Resources Inc. boosted its position in Valvoline by 87.9% during the third quarter. Franklin Resources Inc. now owns 21,115 shares of the basic materials company’s stock valued at $454,000 after purchasing an additional 9,876 shares during the last quarter. Hsbc Holdings PLC boosted its position in Valvoline by 78.8% during the third quarter. Hsbc Holdings PLC now owns 24,419 shares of the basic materials company’s stock valued at $526,000 after purchasing an additional 10,759 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Valvoline by 22.5% during the third quarter. Riverhead Capital Management LLC now owns 20,117 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 3,700 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

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Valvoline Company Profile

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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