Centricity Wealth Management LLC Buys New Position in Valvoline Inc. (NYSE:VVV)

Centricity Wealth Management LLC purchased a new position in shares of Valvoline Inc. (NYSE:VVV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the basic materials company’s stock, valued at approximately $36,000.

Several other institutional investors also recently added to or reduced their stakes in VVV. Prospera Private Wealth LLC purchased a new position in shares of Valvoline during the third quarter worth approximately $41,000. ORG Partners LLC grew its position in Valvoline by 466.7% during the 4th quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,050 shares during the last quarter. Blue Trust Inc. grew its position in Valvoline by 83.0% during the 3rd quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 604 shares during the last quarter. Vestor Capital LLC acquired a new position in Valvoline in the third quarter valued at $69,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Valvoline in the third quarter valued at about $97,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Mizuho lowered their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, January 6th. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 price target (down from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Royal Bank of Canada upped their price objective on Valvoline from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their target price on Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Insider Buying and Selling

In related news, Director Charles M. Sonsteby acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the purchase, the director now directly owns 26,437 shares in the company, valued at approximately $1,044,261.50. The trade was a 60.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lori Ann Flees bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased 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 in the company, valued at $1,523,285.92. The trade was a 6.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

Valvoline Stock Down 3.8 %

Valvoline stock opened at $36.50 on Friday. Valvoline Inc. has a fifty-two week low of $33.90 and a fifty-two week high of $48.26. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 17.46 and a beta of 1.45. The stock’s fifty day moving average is $37.07 and its two-hundred day moving average is $39.52. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70.

Valvoline (NYSE:VVV) last posted its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. Analysts predict that Valvoline Inc. will post 1.63 EPS for the current fiscal year.

Valvoline 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.