Corebridge Financial Inc. Sells 6,609 Shares of Valvoline Inc. (NYSE:VVV)

Corebridge Financial Inc. trimmed its stake in Valvoline Inc. (NYSE:VVV) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,301 shares of the basic materials company’s stock after selling 6,609 shares during the period. Corebridge Financial Inc.’s holdings in Valvoline were worth $5,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centricity Wealth Management LLC bought a new position in shares of Valvoline in the 4th quarter worth $36,000. ORG Partners LLC increased its stake in Valvoline by 466.7% in the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 1,050 shares during the last quarter. Atala Financial Inc bought a new position in Valvoline in the fourth quarter valued at $77,000. Blue Trust Inc. raised its position in Valvoline by 90.5% during the fourth quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 1,206 shares in the last quarter. Finally, 1620 Investment Advisors Inc. lifted its stake in Valvoline by 560.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 2,556 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 2,169 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VVV shares. Royal Bank of Canada increased their price objective on Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Valvoline from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Mizuho lowered their price objective on shares of Valvoline from $46.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, January 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 target price (down previously from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Finally, Stifel Nicolaus began coverage on shares of Valvoline in a research note on Friday, December 20th. They issued a “hold” rating and a $42.00 price target for the company. Four 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

Valvoline Trading Down 0.5 %

Shares of VVV opened at $35.11 on Friday. The stock has a market capitalization of $4.46 billion, a P/E ratio of 16.80 and a beta of 1.48. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.27. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39. The firm has a fifty day simple moving average of $36.78 and a two-hundred day simple moving average of $38.58.

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, topping analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. On average, research analysts anticipate that Valvoline Inc. will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other Valvoline news, insider Julie Marie O’daniel sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares of the company’s stock, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

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.