Valvoline (NYSE:VVV – Get Free Report) announced that its Board of Directors has authorized a share buyback program on Tuesday, September 29th, RTT News reports. The company plans to repurchase $175.00 million in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 4.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
Analyst Ratings Changes
A number of research analysts have issued reports on VVV shares. Citigroup reiterated a “neutral” rating on shares of Valvoline in a research note on Thursday, July 16th. Piper Sandler reissued an “overweight” rating and set a $44.00 price objective on shares of Valvoline in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Valvoline from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Stephens lifted their target price on shares of Valvoline from $44.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company upped their target price on shares of Valvoline from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Twelve investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.06.
View Our Latest Analysis on Valvoline
Valvoline Stock Performance
Valvoline (NYSE:VVV – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Valvoline had a net margin of 5.17% and a return on equity of 65.12%. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $543.21 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. As a group, sell-side analysts expect that Valvoline will post 1.76 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CAO Jordan Denny bought 1,506 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $33.20 per share, for a total transaction of $49,999.20. Following the purchase, the chief accounting officer owned 4,121 shares in the company, valued at approximately $136,817.20. This represents a 57.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie O’Daniel sold 3,700 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $33.81, for a total value of $125,097.00. Following the transaction, the insider directly owned 14,279 shares in the company, valued at $482,772.99. The trade was a 20.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.66% of the company’s stock.
About Valvoline
Valvoline Inc (NYSE: VVV) is an automotive maintenance company focused on quick, convenient vehicle services. Through its company-operated and franchised service centers, the company provides oil changes and other routine maintenance designed to help extend vehicle performance and reliability.
Its services generally include conventional and synthetic oil changes, tire rotations, battery replacement, air-filter and wiper-blade replacement, fluid services, and other preventive maintenance.
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