Valvoline Inc. (NYSE:VVV) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its stake in shares of Valvoline Inc. (NYSE:VVV) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,165 shares of the basic materials company’s stock after selling 340 shares during the quarter. Shell Asset Management Co.’s holdings in Valvoline were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new stake in shares of Valvoline in the fourth quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in shares of Valvoline in the fourth quarter valued at about $35,000. Principal Securities Inc. purchased a new stake in shares of Valvoline in the fourth quarter valued at about $39,000. Meeder Asset Management Inc. purchased a new stake in shares of Valvoline in the fourth quarter valued at about $57,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Valvoline by 20.3% in the fourth quarter. Fifth Third Bancorp now owns 1,876 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 316 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on VVV shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Valvoline in a report on Friday, June 7th. Piper Sandler initiated coverage on shares of Valvoline in a research note on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price objective on the stock. Finally, Citigroup upped their price objective on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Valvoline currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Valvoline Stock Performance

Shares of VVV stock opened at $45.60 on Friday. Valvoline Inc. has a one year low of $29.15 and a one year high of $48.26. The company has a debt-to-equity ratio of 15.83, a quick ratio of 0.69 and a current ratio of 0.73. The company has a 50 day moving average price of $42.72 and a 200 day moving average price of $41.66. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 36.19 and a beta of 1.43.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Valvoline had a net margin of 11.78% and a return on equity of 136.59%. The firm had revenue of $388.70 million during the quarter, compared to analyst estimates of $390.75 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. Valvoline’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts anticipate that Valvoline Inc. will post 1.61 EPS for the current year.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.