Tudor Investment Corp ET AL Takes $1.68 Million Position in Valvoline Inc. (VVV)
Tudor Investment Corp ET AL bought a new stake in Valvoline Inc. (NYSE:VVV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 70,700 shares of the basic materials company’s stock, valued at approximately $1,677,000.
Other large investors have also recently bought and sold shares of the company. Ngam Advisors L.P. boosted its stake in Valvoline by 4.4% in the first quarter. Ngam Advisors L.P. now owns 18,595 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 776 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Valvoline by 23.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 2,105 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of Valvoline by 15.6% during the second quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock worth $412,000 after purchasing an additional 2,345 shares during the last quarter. Eos Focused Equity Management L.P. increased its stake in shares of Valvoline by 1.1% in the second quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock valued at $5,473,000 after buying an additional 2,531 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of Valvoline by 55.5% in the second quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock valued at $306,000 after buying an additional 4,602 shares in the last quarter. Institutional investors own 92.34% of the company’s stock.
Valvoline Inc. (NYSE:VVV) traded up 0.21% on Tuesday, reaching $23.75. The company’s stock had a trading volume of 28,667 shares. The stock’s 50 day moving average price is $22.92 and its 200 day moving average price is $22.92. The company has a market cap of $4.81 billion and a P/E ratio of 20.80. Valvoline Inc. has a 12 month low of $18.30 and a 12 month high of $24.98.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The business had revenue of $534.00 million during the quarter, compared to the consensus estimate of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. Valvoline’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Valvoline Inc. will post $1.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, August 30th. Valvoline’s payout ratio is 15.50%.
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Several research analysts recently issued reports on VVV shares. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. J P Morgan Chase & Co restated a “neutral” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. Finally, Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.55.
Valvoline Company Profile
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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