Keeley Teton Advisors LLC Has $1.57 Million Stake in Valvoline Inc. (NYSE:VVV)

Keeley Teton Advisors LLC lessened its stake in shares of Valvoline Inc. (NYSE:VVVFree Report) by 20.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,762 shares of the basic materials company’s stock after selling 12,762 shares during the period. Keeley Teton Advisors LLC’s holdings in Valvoline were worth $1,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its stake in Valvoline by 54.9% in the first quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 330 shares during the last quarter. First Manhattan CO. LLC. bought a new position in Valvoline in the 1st quarter valued at approximately $35,000. CWM LLC boosted its position in Valvoline by 127.1% in the third quarter. CWM LLC now owns 1,465 shares of the basic materials company’s stock valued at $47,000 after buying an additional 820 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Valvoline by 147.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company’s stock worth $66,000 after buying an additional 1,250 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Valvoline by 63.9% during the first quarter. Covestor Ltd now owns 3,078 shares of the basic materials company’s stock worth $97,000 after buying an additional 1,200 shares in the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Valvoline

In other Valvoline news, insider Julie Marie O’daniel sold 1,002 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $35.00, for a total value of $35,070.00. Following the transaction, the insider now directly owns 24,981 shares of the company’s stock, valued at $874,335. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CTO Robert Travis Dobbins sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $34.49, for a total transaction of $68,980.00. Following the transaction, the chief technology officer now directly owns 12,478 shares of the company’s stock, valued at $430,366.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Julie Marie O’daniel sold 1,002 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $35.00, for a total transaction of $35,070.00. Following the completion of the sale, the insider now directly owns 24,981 shares of the company’s stock, valued at $874,335. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,002 shares of company stock valued at $414,640. Corporate insiders own 1.34% of the company’s stock.

Analyst Ratings Changes

VVV has been the subject of a number of recent research reports. Morgan Stanley raised Valvoline from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $44.00 in a report on Tuesday, January 16th. StockNews.com upgraded Valvoline from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.43.

Read Our Latest Stock Report on Valvoline

Valvoline Stock Performance

Shares of VVV stock opened at $35.20 on Tuesday. The stock has a market capitalization of $4.58 billion, a PE ratio of 4.35 and a beta of 1.39. The business’s 50 day simple moving average is $36.21 and its 200 day simple moving average is $34.35. The company has a debt-to-equity ratio of 7.69, a current ratio of 2.59 and a quick ratio of 2.49. Valvoline Inc. has a one year low of $29.15 and a one year high of $39.67.

Valvoline (NYSE:VVVGet Free Report) last posted its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Valvoline had a return on equity of 35.59% and a net margin of 98.10%. The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $390.25 million. During the same quarter last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, research analysts forecast that Valvoline Inc. will post 1.6 earnings per share for the current year.

Valvoline Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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