In yesterday’s Wall Street session, Valvoline Inc. (NYSE:VVV) shares traded at $38.00, down -0.39% from the previous session.
As of this writing, 6 analysts cover Valvoline Inc. (NYSE:VVV). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $40.00, we find $42.00. Given the previous closing price of $38.15, this indicates a potential upside of 10.09 percent. VVV stock price is now 8.29% away from the 50-day moving average and 17.67% away from the 200-day moving average. The market capitalization of the company currently stands at $6.28B.
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There are 2 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $41.60 as their price target over the next twelve months.
In other news, Matheys Heidi J., SVP, Chief Commercial Officer sold 2,546 shares of the company’s stock on May 12. The stock was sold for $98,377 at an average price of $38.64. Upon completion of the transaction, the SVP, Chief Commercial Officer now directly owns 37,159 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04, SVP, Chief Commercial Officer Matheys Heidi J. sold 5,823 shares of the business’s stock. A total of $205,261 was realized by selling the stock at an average price of $35.25. This leaves the insider owning 37,159 shares of the company worth $1.41 million. Insiders disposed of 205,954 shares of company stock worth roughly $7.83 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VVV stock. A new stake in Valvoline Inc. shares was purchased by JS CAPITAL MANAGEMENT LLC during the first quarter worth $44,071,000. ARTEMIS INVESTMENT MANAGEMENT LLP invested $33,414,000 in shares of VVV during the first quarter. In the first quarter, D1 CAPITAL PARTNERS L.P. acquired a new stake in Valvoline Inc. valued at approximately $28,880,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in VVV for approximately $23,030,000. SPX GESTAO DE RECURSOS LTDA purchased a new stake in VVV valued at around $17,680,000 in the second quarter. In total, there are 494 active investors with 94.00% ownership of the company’s stock.
Wednesday morning saw Valvoline Inc. (NYSE: VVV) opened at $38.10. During the past 12 months, Valvoline Inc. has had a low of $24.40 and a high of $39.67. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 4.00, and a quick ratio of 3.90. According to the stock market information, the enterprise value for the company is $8.72B, which is based on a 59.84 price-to-earnings ratio, a 5.98 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for VVV is $35.16 and a two-hundred day moving average price translates $32.34 for the stock.
The latest earnings results from Valvoline Inc. (NYSE: VVV) was released for Mar, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $7.15, beating analysts’ expectations of $0.28 by 6.87. This compares to $0.32 EPS in the same period last year. The company reported revenue of $344.5 million for the quarter, compared to $296.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.39 percent. For the current quarter, analysts expect VVV to generate $368.91M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 12/02/2022 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 1.32% percent yield. There was an ex-dividend date of 12/01/2022 for this dividend. In terms of dividend payout ratio, VVV is presently at 81.99%.
Valvoline Inc.(VVV) Company Profile
Valvoline Inc. provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.
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