Geode Capital Management LLC boosted its holdings in shares of Valvoline Inc (NYSE:VVV) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,890,328 shares of the basic materials company’s stock after buying an additional 94,837 shares during the period. Geode Capital Management LLC’s holdings in Valvoline were worth $36,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Advisor Group Inc. increased its position in Valvoline by 19.5% during the 4th quarter. Advisor Group Inc. now owns 3,511 shares of the basic materials company’s stock valued at $68,000 after buying an additional 572 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Valvoline by 5.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,024 shares of the basic materials company’s stock valued at $310,000 after buying an additional 875 shares in the last quarter. Bank of Montreal Can grew its stake in Valvoline by 7.7% during the 4th quarter. Bank of Montreal Can now owns 19,747 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 1,414 shares during the last quarter. Doyle Wealth Management purchased a new stake in Valvoline during the 4th quarter valued at about $33,000. Finally, PNC Financial Services Group Inc. grew its stake in Valvoline by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 44,768 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 2,051 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

VVV has been the topic of several research analyst reports. Buckingham Research initiated coverage on Valvoline in a research note on Friday, March 15th. They set a “neutral” rating and a $20.00 price target on the stock. Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Valvoline has a consensus rating of “Hold” and an average price target of $22.88.

In other news, insider Julie Marie O’daniel sold 1,466 shares of the company’s stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $21.00, for a total value of $30,786.00. Following the sale, the insider now owns 2,683 shares in the company, valued at $56,343. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Samuel J. Mitchell bought 25,000 shares of the stock in a transaction dated Monday, January 14th. The stock was bought at an average price of $20.78 per share, for a total transaction of $519,500.00. Following the purchase, the chief executive officer now directly owns 167,133 shares of the company’s stock, valued at $3,473,023.74. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 5,123 shares of company stock worth $110,934. Company insiders own 0.49% of the company’s stock.

Valvoline stock opened at $18.46 on Thursday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.30 and a beta of 0.97. Valvoline Inc has a fifty-two week low of $17.49 and a fifty-two week high of $23.16.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). The firm had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $584.75 million. Valvoline had a net margin of 9.97% and a negative return on equity of 80.99%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, equities research analysts forecast that Valvoline Inc will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.106 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.42 annualized dividend and a yield of 2.30%. Valvoline’s payout ratio is presently 32.56%.

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About Valvoline

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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Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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