Valvoline Inc (VVV) CFO Mary E. Meixelsperger Purchases 7,500 Shares of Stock

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Valvoline Inc (NYSE:VVV) CFO Mary E. Meixelsperger bought 7,500 shares of the stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $18.71 per share, with a total value of $140,325.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of VVV opened at $18.81 on Wednesday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.35 and a beta of 0.97. Valvoline Inc has a one year low of $17.49 and a one year high of $23.16.

Valvoline (NYSE:VVV) last issued its quarterly 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 during 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 company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. As a group, equities analysts forecast that Valvoline Inc will post 1.34 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cipher Capital LP bought a new position in Valvoline during the 4th quarter worth approximately $236,000. Teachers Advisors LLC lifted its holdings in Valvoline by 1.0% during the 3rd quarter. Teachers Advisors LLC now owns 593,375 shares of the basic materials company’s stock worth $12,763,000 after buying an additional 5,805 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Valvoline by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 1,890,328 shares of the basic materials company’s stock worth $36,577,000 after buying an additional 94,837 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Valvoline during the 3rd quarter worth approximately $4,435,000. Finally, Rhumbline Advisers lifted its holdings in Valvoline by 35.2% during the 4th quarter. Rhumbline Advisers now owns 555,609 shares of the basic materials company’s stock worth $10,751,000 after buying an additional 144,590 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on VVV. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Buckingham Research began coverage on Valvoline in a report on Friday, March 15th. They issued a “neutral” rating and a $20.00 price target for the company. Three analysts have rated the stock with a sell rating, five have given 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 target price of $22.88.

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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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