Penn Capital Management Co. Inc. decreased its position in Valvoline Inc (NYSE:VVV) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,199 shares of the basic materials company’s stock after selling 2,714 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Valvoline were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Valvoline by 2.8% in the 4th quarter. BlackRock Inc. now owns 16,767,632 shares of the basic materials company’s stock worth $420,196,000 after buying an additional 456,376 shares during the last quarter. Schroder Investment Management Group lifted its position in Valvoline by 44.8% in the 4th quarter. Schroder Investment Management Group now owns 4,459,536 shares of the basic materials company’s stock worth $111,755,000 after buying an additional 1,379,119 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Valvoline by 13.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,635,645 shares of the basic materials company’s stock worth $66,049,000 after purchasing an additional 318,037 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Valvoline in the 4th quarter worth approximately $2,204,000. Finally, Arizona State Retirement System increased its stake in Valvoline by 26.9% in the 4th quarter. Arizona State Retirement System now owns 145,845 shares of the basic materials company’s stock worth $3,655,000 after purchasing an additional 30,952 shares during the period. Institutional investors own 95.46% of the company’s stock.
Valvoline Inc (NYSE VVV) opened at $23.37 on Tuesday. The company has a debt-to-equity ratio of -5.91, a current ratio of 2.00 and a quick ratio of 1.54. The company has a market capitalization of $4,675.54, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.39 and a beta of 0.84. Valvoline Inc has a 12 month low of $20.99 and a 12 month high of $25.63.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.0745 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 1.28%. Valvoline’s dividend payout ratio (DPR) is presently 27.52%.
In other news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $24.61, for a total transaction of $93,518.00. Following the transaction, the senior vice president now directly owns 77 shares of the company’s stock, valued at $1,894.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by insiders.
A number of brokerages have commented on VVV. Zacks Investment Research cut Valvoline from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Morgan Stanley lifted their price target on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. JPMorgan Chase & Co. lifted their price target on Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Longbow Research lifted their price target on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.86.
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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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