Insider Buying: Valvoline Inc. (NYSE:VVV) CEO Purchases $99,100.00 in Stock

Valvoline Inc. (NYSE:VVV) CEO Lori Ann Flees purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $39.64 per share, with a total value of $99,100.00. Following the purchase, the chief executive officer now directly owns 38,428 shares of the company’s stock, valued at $1,523,285.92. This trade represents a 6.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Valvoline Price Performance

Shares of NYSE:VVV opened at $38.89 on Thursday. Valvoline Inc. has a 1-year low of $33.86 and a 1-year high of $48.26. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. The business has a fifty day moving average price of $41.03 and a 200-day moving average price of $41.74. The company has a market capitalization of $4.99 billion, a PE ratio of 24.01 and a beta of 1.43.

Hedge Funds Weigh In On Valvoline

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock worth $32,000 after buying an additional 267 shares in the last quarter. MAI Capital Management increased its holdings in Valvoline by 2.4% in the 3rd quarter. MAI Capital Management now owns 11,624 shares of the basic materials company’s stock worth $486,000 after buying an additional 268 shares in the last quarter. UMB Bank n.a. increased its holdings in Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock worth $26,000 after buying an additional 302 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Valvoline by 0.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,602 shares of the basic materials company’s stock worth $1,992,000 after buying an additional 313 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Valvoline by 6.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 6,292 shares of the basic materials company’s stock worth $272,000 after buying an additional 359 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VVV shares. Mizuho decreased their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada decreased their price objective on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Robert W. Baird decreased their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company decreased their price objective on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. Finally, Baird R W upgraded Valvoline to a “strong-buy” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $46.25.

About Valvoline

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.