Valvoline (NYSE:VVV) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Valvoline (NYSE:VVVGet Rating) from a buy rating to a hold rating in a report published on Tuesday morning.

Several other analysts have also commented on the company. Citigroup cut their price objective on Valvoline from $40.00 to $35.00 in a report on Tuesday, May 10th. Jefferies Financial Group cut their price objective on Valvoline from $44.00 to $40.00 in a report on Thursday, June 16th. Finally, JPMorgan Chase & Co. raised Valvoline from a neutral rating to an overweight rating and lifted their price objective for the stock from $30.00 to $36.00 in a report on Thursday, May 12th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $38.33.

Valvoline Stock Down 2.1 %

VVV stock opened at $30.68 on Tuesday. Valvoline has a 1-year low of $26.69 and a 1-year high of $37.97. The business has a fifty day moving average price of $30.91 and a 200-day moving average price of $31.19. The company has a debt-to-equity ratio of 8.24, a current ratio of 1.74 and a quick ratio of 1.26. The stock has a market capitalization of $5.47 billion, a P/E ratio of 12.89 and a beta of 1.33.

Valvoline (NYSE:VVVGet Rating) last posted its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Valvoline had a return on equity of 278.10% and a net margin of 12.85%. The firm had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $887.10 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 26.4% on a year-over-year basis. Equities analysts forecast that Valvoline will post 2.08 earnings per share for the current fiscal year.

Valvoline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, August 30th. Valvoline’s dividend payout ratio is presently 21.01%.

Institutional Trading of Valvoline

Several hedge funds have recently bought and sold shares of the stock. Hilton Capital Management LLC grew its holdings in Valvoline by 4.8% during the fourth quarter. Hilton Capital Management LLC now owns 7,336 shares of the basic materials company’s stock valued at $274,000 after purchasing an additional 334 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Valvoline by 2.1% in the first quarter. Crossmark Global Holdings Inc. now owns 17,370 shares of the basic materials company’s stock worth $548,000 after acquiring an additional 360 shares during the period. TKG Advisors LLC boosted its stake in shares of Valvoline by 2.6% in the first quarter. TKG Advisors LLC now owns 14,613 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 377 shares during the period. Allworth Financial LP boosted its stake in shares of Valvoline by 10.2% in the second quarter. Allworth Financial LP now owns 4,829 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 447 shares during the period. Finally, MAI Capital Management boosted its stake in shares of Valvoline by 3.3% in the first quarter. MAI Capital Management now owns 14,250 shares of the basic materials company’s stock worth $450,000 after acquiring an additional 457 shares during the period. Institutional investors own 91.04% of the company’s stock.

Valvoline Company Profile

(Get Rating)

Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through two segments, Retail Services and Global Products. 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; and oil and air filters for light-duty vehicles.

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