Valvoline Inc. (NYSE:VVV) Shares Sold by Park Place Capital Corp

Park Place Capital Corp cut its position in Valvoline Inc. (NYSE:VVV) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,232 shares of the basic materials company’s stock after selling 376 shares during the period. Park Place Capital Corp’s holdings in Valvoline were worth $45,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in Valvoline by 0.4% during the third quarter. State Street Corp now owns 4,096,436 shares of the basic materials company’s stock worth $171,436,000 after purchasing an additional 16,916 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Valvoline by 8.1% in the third quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock valued at $17,702,000 after buying an additional 31,661 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Valvoline during the 3rd quarter valued at approximately $4,628,000. Thrivent Financial for Lutherans lifted its holdings in shares of Valvoline by 118.2% during the third quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company’s stock worth $2,844,000 after purchasing an additional 36,814 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Valvoline by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company’s stock worth $93,215,000 after acquiring an additional 54,545 shares during the period. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Stock Performance

NYSE:VVV opened at $36.35 on Friday. Valvoline Inc. has a twelve month low of $33.86 and a twelve month high of $48.26. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 22.44 and a beta of 1.45. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 5.77. The firm’s fifty day simple moving average is $37.63 and its 200 day simple moving average is $40.56.

Insiders Place Their Bets

In other news, CEO Lori Ann Flees purchased 2,500 shares of the 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 acquisition, the chief executive officer now owns 38,428 shares in the company, valued at approximately $1,523,285.92. This trade represents a 6.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Robert Travis Dobbins sold 1,914 shares of Valvoline stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the sale, the chief technology officer now directly owns 14,956 shares in the company, valued at approximately $598,240. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VVV has been the subject of several recent analyst reports. Robert W. Baird reduced their price target 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 reduced their price target on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Mizuho decreased their price objective on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Stephens assumed coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on Valvoline in a report on Friday, December 20th. They issued a “hold” rating and a $42.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Valvoline currently has a consensus rating of “Moderate Buy” and an average target price of $44.89.

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.