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 stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $40.00, for a total value of $76,560.00. Following the sale, the chief technology officer now owns 14,956 shares of the company’s stock, valued at approximately $598,240. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Valvoline Price Performance

NYSE VVV opened at $38.36 on Friday. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The stock’s 50-day moving average is $40.70 and its two-hundred day moving average is $41.65. 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 firm has a market cap of $4.92 billion, a P/E ratio of 23.68 and a beta of 1.43.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Valvoline from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Robert W. Baird cut their price objective on Valvoline from $48.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Mizuho cut their price objective on Valvoline from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Valvoline from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $46.25.

Institutional Investors Weigh In On Valvoline

Several hedge funds and other institutional investors have recently made changes to their positions in VVV. UMB Bank n.a. grew its position in shares of Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 302 shares during the last quarter. Blue Trust Inc. grew its position in shares of Valvoline by 57.9% in the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Valvoline in the second quarter valued at about $34,000. Prospera Private Wealth LLC acquired a new stake in shares of Valvoline in the third quarter valued at about $41,000. Finally, GAMMA Investing LLC grew its position in shares of Valvoline by 46.5% in the third quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 465 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

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.