Pax World Management LLC purchased a new position in Valvoline Inc. (NYSE:VVV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 160,775 shares of the basic materials company’s stock, valued at approximately $3,814,000. Pax World Management LLC owned 0.08% of Valvoline at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. City Holding Co. purchased a new position in Valvoline during the second quarter worth approximately $128,000. Pacer Advisors Inc. increased its position in Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock worth $137,000 after buying an additional 4,808 shares during the period. Legal & General Group Plc increased its position in Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after buying an additional 7,578 shares during the period. M&T Bank Corp purchased a new position in Valvoline during the first quarter worth approximately $203,000. Finally, Oakbrook Investments LLC purchased a new position in Valvoline during the second quarter worth approximately $204,000. Institutional investors and hedge funds own 41.01% of the company’s stock.
Valvoline Inc. (VVV) opened at 21.35 on Tuesday. The firm has a market capitalization of $4.33 billion and a P/E ratio of 18.70. Valvoline Inc. has a 52 week low of $18.30 and a 52 week high of $24.98. The firm has a 50-day moving average price of $22.61 and a 200-day moving average price of $23.05.
Valvoline (NYSE:VVV) last released its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $534 million during the quarter, compared to the consensus estimate of $530.57 million. Valvoline had a net margin of 13.00% and a negative return on equity of 106.06%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Valvoline Inc. will post $1.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Wednesday, August 30th. Valvoline’s dividend payout ratio (DPR) is currently 15.50%.
VVV has been the subject of a number of research reports. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, April 28th. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, June 7th. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price target (up from $22.00) on shares of Valvoline in a research note on Saturday, June 3rd. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $22.00 price target (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.83.
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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