Valvoline Inc. (NYSE:VVV) CTO Robert Travis Dobbins Sells 1,914 Shares

Valvoline Inc. (NYSE:VVV) CTO Robert Travis Dobbins sold 1,914 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total transaction of $76,560.00. Following the completion of the transaction, the chief technology officer now directly owns 14,956 shares of the company’s stock, valued at approximately $598,240. This trade represents a 11.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Valvoline Stock Performance

Shares of VVV stock opened at $38.88 on Friday. The company has a fifty day moving average price of $40.73 and a two-hundred day moving average price of $41.67. The company has a debt-to-equity ratio of 5.77, a current ratio of 0.72 and a quick ratio of 0.61. The stock has a market cap of $4.99 billion, a P/E ratio of 24.00 and a beta of 1.43. Valvoline Inc. has a one year low of $33.86 and a one year high of $48.26.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their target price on shares of Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Morgan Stanley decreased their target price on shares of Valvoline from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Stephens assumed coverage on shares of Valvoline in a research report on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price for the company. Finally, Royal Bank of Canada decreased their target price on shares of Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $46.25.

Institutional Trading of Valvoline

A number of hedge funds have recently modified their holdings of VVV. Oppenheimer Asset Management Inc. raised its stake in Valvoline by 28.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 126,232 shares of the basic materials company’s stock worth $5,453,000 after purchasing an additional 28,254 shares in the last quarter. Natixis Advisors LLC increased its holdings in Valvoline by 8.1% in the 3rd quarter. Natixis Advisors LLC now owns 422,989 shares of the basic materials company’s stock valued at $17,702,000 after buying an additional 31,661 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Valvoline by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,130,920 shares of the basic materials company’s stock valued at $48,857,000 after purchasing an additional 68,340 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Valvoline during the 3rd quarter valued at approximately $4,628,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Valvoline by 118.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 67,948 shares of the basic materials company’s stock valued at $2,844,000 after purchasing an additional 36,814 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

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.