2,800 Shares in Valvoline Inc. (NYSE:VVV) Bought by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC acquired a new stake in Valvoline Inc. (NYSE:VVV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,800 shares of the basic materials company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in shares of Valvoline by 19,218.1% in the fourth quarter. Wellington Management Group LLP now owns 3,735,549 shares of the basic materials company’s stock valued at $140,382,000 after purchasing an additional 3,716,212 shares during the period. Congress Asset Management Co. MA acquired a new position in Valvoline in the 4th quarter worth $123,526,000. Norges Bank purchased a new position in Valvoline in the 4th quarter valued at about $61,656,000. Fiduciary Management Inc. WI grew its stake in shares of Valvoline by 55.0% during the fourth quarter. Fiduciary Management Inc. WI now owns 3,055,520 shares of the basic materials company’s stock valued at $114,826,000 after acquiring an additional 1,083,722 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Valvoline by 29.1% during the third quarter. Invesco Ltd. now owns 4,040,237 shares of the basic materials company’s stock worth $130,257,000 after acquiring an additional 911,073 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Valvoline Stock Performance

Shares of VVV stock opened at $41.81 on Monday. The stock has a market cap of $5.39 billion, a PE ratio of 33.18 and a beta of 1.44. The company’s fifty day moving average price is $41.68 and its 200-day moving average price is $40.37. Valvoline Inc. has a 12 month low of $29.15 and a 12 month high of $45.37. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 15.83.

Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $388.70 million for the quarter, compared to the consensus estimate of $390.75 million. Valvoline had a return on equity of 136.59% and a net margin of 11.78%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. On average, equities analysts expect that Valvoline Inc. will post 1.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VVV shares. Piper Sandler started coverage on Valvoline in a research note on Wednesday, June 12th. They set an “overweight” rating and a $49.00 target price for the company. Mizuho started coverage on shares of Valvoline in a research report on Tuesday, March 19th. They issued a “buy” rating and a $50.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 target price on shares of Valvoline in a report on Friday, June 7th. Finally, Citigroup boosted their price target on Valvoline from $36.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.88.

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.