Valvoline Inc. (NYSE:VVV – Get Rating) insider Julie Marie O’daniel sold 9,886 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $32.42, for a total transaction of $320,504.12. Following the sale, the insider now directly owns 16,230 shares in the company, valued at $526,176.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Valvoline Trading Down 0.2 %
VVV stock opened at $32.74 on Friday. The company has a debt-to-equity ratio of 4.97, a quick ratio of 1.73 and a current ratio of 1.76. The company’s 50-day simple moving average is $28.54 and its 200 day simple moving average is $29.60. Valvoline Inc. has a 52 week low of $24.40 and a 52 week high of $37.97. The company has a market capitalization of $5.80 billion, a PE ratio of 13.87 and a beta of 1.36.
Valvoline Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.53%. Valvoline’s payout ratio is 21.19%.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On Valvoline
A number of large investors have recently bought and sold shares of VVV. Glenview Capital Management LLC acquired a new stake in Valvoline during the first quarter worth about $55,059,000. Point72 Asset Management L.P. grew its stake in Valvoline by 191.8% during the third quarter. Point72 Asset Management L.P. now owns 1,247,705 shares of the basic materials company’s stock worth $31,617,000 after buying an additional 820,074 shares in the last quarter. Leeward Investments LLC MA acquired a new stake in Valvoline during the first quarter worth about $24,781,000. FMR LLC grew its stake in Valvoline by 4.2% during the second quarter. FMR LLC now owns 15,356,847 shares of the basic materials company’s stock worth $442,738,000 after buying an additional 622,194 shares in the last quarter. Finally, Freshford Capital Management LLC grew its stake in Valvoline by 57.8% during the first quarter. Freshford Capital Management LLC now owns 1,424,783 shares of the basic materials company’s stock worth $44,965,000 after buying an additional 521,738 shares in the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
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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