OneDigital Investment Advisors LLC Purchases Shares of 7,111 Valvoline (NYSE:VVV)

OneDigital Investment Advisors LLC purchased a new position in shares of Valvoline (NYSE:VVV) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,111 shares of the basic materials company’s stock, valued at approximately $248,000.

Several other large investors also recently modified their holdings of VVV. Huntington National Bank lifted its position in shares of Valvoline by 1,004.9% during the 4th quarter. Huntington National Bank now owns 895 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 814 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Valvoline during the 1st quarter valued at $35,000. American National Bank & Trust acquired a new position in shares of Valvoline during the 1st quarter valued at $40,000. Versant Capital Management Inc lifted its position in shares of Valvoline by 221.8% during the 1st quarter. Versant Capital Management Inc now owns 1,181 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 814 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Valvoline during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VVV. Piper Sandler reiterated an “overweight” rating and set a $44.00 target price (down previously from $45.00) on shares of Valvoline in a research report on Friday, May 9th. Morgan Stanley dropped their target price on shares of Valvoline from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company decreased their price target on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Cfra Research upgraded shares of Valvoline to a “hold” rating in a research note on Monday, July 7th. Finally, TD Securities started coverage on shares of Valvoline in a research note on Friday, April 4th. They set a “buy” rating and a $40.00 price target for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.54.

Valvoline Stock Performance

NYSE VVV opened at $38.62 on Friday. Valvoline has a 1 year low of $31.02 and a 1 year high of $48.27. The company has a debt-to-equity ratio of 4.23, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 18.75 and a beta of 1.18. The company has a fifty day moving average price of $36.20 and a 200-day moving average price of $35.92.

Valvoline (NYSE:VVV) last posted its earnings results on Thursday, May 8th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $403.20 million during the quarter, compared to the consensus estimate of $405.38 million. Valvoline had a return on equity of 106.36% and a net margin of 15.97%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. As a group, equities research analysts predict that Valvoline will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lori Ann Flees acquired 3,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $33.78 per share, with a total value of $101,340.00. Following the completion of the transaction, the chief executive officer owned 46,614 shares in the company, valued at approximately $1,574,620.92. The trade was a 6.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% 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.