Julie Marie O’daniel Sells 1,466 Shares of Valvoline Inc (VVV) Stock
Valvoline Inc (NYSE:VVV) insider Julie Marie O’daniel sold 1,466 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $21.00, for a total transaction of $30,786.00. Following the sale, the insider now owns 2,683 shares of the company’s stock, valued at approximately $56,343. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE VVV traded up $0.36 during trading hours on Thursday, hitting $21.69. 3,102,611 shares of the stock were exchanged, compared to its average volume of 1,033,900. The stock has a market capitalization of $3.88 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.43 and a beta of 0.90. Valvoline Inc has a 12-month low of $17.49 and a 12-month high of $25.14.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Valvoline had a net margin of 7.26% and a negative return on equity of 95.31%. The firm had revenue of $594.00 million during the quarter, compared to analysts’ expectations of $593.80 million. During the same period in the prior year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Valvoline Inc will post 1.39 earnings per share for the current year.
VVV has been the subject of several recent research reports. Jefferies Financial Group started coverage on shares of Valvoline in a research note on Wednesday, October 3rd. They set a “buy” rating and a $27.00 target price for the company. ValuEngine cut shares of Valvoline from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research cut shares of Valvoline from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. Bank of America cut shares of Valvoline from a “buy” rating to an “underperform” rating and cut their price target for the stock from $24.00 to $20.00 in a report on Tuesday, November 6th. Finally, Wolfe Research cut shares of Valvoline from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.75.
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Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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