Natixis Advisors L.P. reduced its position in Valvoline Inc (NYSE:VVV) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,802 shares of the basic materials company’s stock after selling 16,809 shares during the period. Natixis Advisors L.P.’s holdings in Valvoline were worth $4,659,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Doyle Wealth Management bought a new stake in Valvoline during the fourth quarter worth approximately $33,000. AdvisorNet Financial Inc increased its stake in Valvoline by 48,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 2,400 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Valvoline during the fourth quarter worth approximately $51,000. Advisor Group Inc. increased its stake in Valvoline by 19.5% during the fourth quarter. Advisor Group Inc. now owns 3,511 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 572 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Valvoline during the fourth quarter worth approximately $122,000. Institutional investors own 99.83% of the company’s stock.

Several equities research analysts have weighed in on VVV shares. Zacks Investment Research cut Valvoline from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th. Buckingham Research started coverage on Valvoline in a research note on Friday. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, ValuEngine raised Valvoline from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average 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 that occurred on Wednesday, January 16th. The stock was sold at an average price of $21.00, for a total transaction of $30,786.00. Following the transaction, the insider now owns 2,683 shares of the company’s stock, valued at $56,343. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Craig A. Moughler sold 2,551 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $21.88, for a total value of $55,815.88. Following the transaction, the senior vice president now directly owns 27,221 shares in the company, valued at approximately $595,595.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,123 shares of company stock worth $110,934. Insiders own 0.49% of the company’s stock.

VVV opened at $17.94 on Friday. The company has a market cap of $3.38 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. Valvoline Inc has a one year low of $17.49 and a one year high of $23.19.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The business had revenue of $557.00 million for the quarter, compared to the consensus estimate of $584.75 million. Valvoline had a net margin of 9.97% and a negative return on equity of 80.99%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, sell-side analysts forecast that Valvoline Inc will post 1.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.106 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.36%. Valvoline’s dividend payout ratio is 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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