Anthracite Investment Company Inc. Takes $1.78 Million Position in Valvoline $VVV

Anthracite Investment Company Inc. bought a new stake in shares of Valvoline (NYSE:VVV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 47,000 shares of the basic materials company’s stock, valued at approximately $1,780,000.

Several other large investors have also recently made changes to their positions in VVV. Maseco LLP bought a new stake in shares of Valvoline during the second quarter valued at approximately $27,000. Parallel Advisors LLC increased its position in shares of Valvoline by 67.5% during the second quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 469 shares in the last quarter. Steph & Co. bought a new stake in shares of Valvoline during the second quarter valued at approximately $45,000. CWM LLC increased its position in shares of Valvoline by 50.8% during the first quarter. CWM LLC now owns 1,440 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 485 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Valvoline by 101.5% during the first quarter. GAMMA Investing LLC now owns 2,170 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 1,093 shares in the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VVV has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Valvoline from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Stephens lifted their target price on shares of Valvoline from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Valvoline in a research report on Tuesday, October 21st. Zacks Research raised shares of Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.62.

Insider Buying and Selling at Valvoline

In other Valvoline news, CFO J Kevin Willis bought 12,725 shares of Valvoline stock in a transaction dated Thursday, August 14th. The shares were purchased at an average cost of $39.41 per share, for a total transaction of $501,492.25. Following the acquisition, the chief financial officer directly owned 12,725 shares in the company, valued at approximately $501,492.25. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.66% of the stock is currently owned by company insiders.

Valvoline Stock Down 0.3%

VVV opened at $33.73 on Friday. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.60 and a current ratio of 0.73. Valvoline has a fifty-two week low of $31.01 and a fifty-two week high of $43.74. The firm’s fifty day moving average is $37.39 and its 200 day moving average is $36.44. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 15.69 and a beta of 1.18.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. Valvoline’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. On average, sell-side analysts forecast that Valvoline will post 1.63 earnings per share for the current fiscal year.

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.