Investors Buy High Volume of Valvoline Call Options (NYSE:VVV)


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Valvoline Inc. (NYSE:VVV) saw unusually large options trading on Tuesday. Investors purchased 4,012 call options on the company. This is an increase of 1,593% compared to the average volume of 237 call options.

Several institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. increased its holdings in Valvoline by 10.1% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 718,947 shares of the basic materials company’s stock worth $16,640,000 after buying an additional 65,710 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Valvoline during the 4th quarter worth $8,041,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Valvoline by 16.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 29,547 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 4,200 shares in the last quarter. Norges Bank bought a new position in shares of Valvoline during the 4th quarter valued at $45,256,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Valvoline by 12.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 328,968 shares of the basic materials company’s stock valued at $7,612,000 after purchasing an additional 37,677 shares during the last quarter. Institutional investors and hedge funds own 92.26% of the company’s stock.

A number of equities analysts recently weighed in on VVV shares. Citigroup increased their price target on Valvoline from $28.00 to $32.00 in a research report on Monday, March 22nd. Morgan Stanley raised their target price on shares of Valvoline from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, February 4th. Monness Crespi & Hardt boosted their price target on shares of Valvoline from $26.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 4th. Seaport Global Securities lowered shares of Valvoline from a “buy” rating to a “neutral” rating in a research note on Monday, January 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Valvoline from $28.00 to $32.00 in a research note on Monday, March 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Valvoline has a consensus rating of “Hold” and an average target price of $26.63.

Valvoline stock opened at $26.32 on Thursday. Valvoline has a twelve month low of $12.90 and a twelve month high of $26.94. The firm has a market cap of $4.78 billion, a PE ratio of 22.31, a P/E/G ratio of 1.87 and a beta of 1.44. The firm’s 50 day moving average price is $25.75 and its two-hundred day moving average price is $23.13.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, February 3rd. The basic materials company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. Valvoline had a net margin of 9.53% and a negative return on equity of 121.96%. The business had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $629.84 million. During the same period in the previous year, the company posted $0.35 EPS. Valvoline’s revenue was up 7.6% on a year-over-year basis. Research analysts expect that Valvoline will post 1.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, February 25th. Valvoline’s payout ratio is currently 35.97%.

About Valvoline

Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through three segments: Quick Lubes, Core North America, 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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