Paloma Partners Management Co bought a new position in Valvoline Inc (NYSE:VVV) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,000 shares of the basic materials company’s stock, valued at approximately $496,000.

Other hedge funds have also recently modified their holdings of the company. Bristol John W & Co. Inc. NY purchased a new stake in shares of Valvoline during the 1st quarter worth $151,000. TLP Group LLC purchased a new stake in shares of Valvoline during the 1st quarter worth $208,000. GSA Capital Partners LLP purchased a new stake in shares of Valvoline during the 2nd quarter worth $245,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Valvoline during the 1st quarter worth $248,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Valvoline by 110.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,280 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 9,079 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

In related news, insider Anthony R. Puckett sold 6,132 shares of the company’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $21.72, for a total transaction of $133,187.04. Following the transaction, the insider now directly owns 5,445 shares of the company’s stock, valued at approximately $118,265.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.07% of the company’s stock.

A number of brokerages recently weighed in on VVV. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating in a research note on Monday, September 17th. JPMorgan Chase & Co. cut Valvoline from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $22.00 to $20.00 in a research note on Friday, September 14th. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Monness Crespi & Hardt decreased their price objective on Valvoline from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Finally, Morgan Stanley decreased their price objective on Valvoline from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Valvoline has a consensus rating of “Hold” and an average price target of $25.14.

Shares of NYSE VVV opened at $21.68 on Monday. Valvoline Inc has a 1-year low of $19.86 and a 1-year high of $25.63. The firm has a market cap of $4.14 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.45 and a beta of 0.97. The company has a debt-to-equity ratio of -4.27, a current ratio of 1.86 and a quick ratio of 1.40.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Valvoline had a net margin of 10.10% and a negative return on equity of 124.61%. The business had revenue of $577.00 million for the quarter, compared to analyst estimates of $591.49 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. equities analysts forecast that Valvoline Inc will post 1.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a dividend of $0.0745 per share. This represents a $0.30 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, August 30th. Valvoline’s dividend payout ratio is currently 21.58%.

Valvoline Profile

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.

Read More: What Does Beta Mean In Stock Selection

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.