MGO One Seven LLC Buys 955 Shares of Valvoline Inc. (NYSE:VVV)

MGO One Seven LLC grew its position in shares of Valvoline Inc. (NYSE:VVV) by 14.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,604 shares of the basic materials company’s stock after acquiring an additional 955 shares during the period. MGO One Seven LLC’s holdings in Valvoline were worth $275,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VVV. Pinebridge Investments L.P. grew its stake in Valvoline by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 54,774 shares of the basic materials company’s stock worth $1,982,000 after purchasing an additional 16,384 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Valvoline in the 4th quarter worth about $582,000. Hsbc Holdings PLC bought a new position in shares of Valvoline in the 4th quarter worth about $503,000. Tower Research Capital LLC TRC lifted its position in Valvoline by 181.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,148 shares of the basic materials company’s stock valued at $476,000 after acquiring an additional 8,478 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Valvoline by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 78,338 shares of the basic materials company’s stock worth $2,834,000 after acquiring an additional 5,851 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Valvoline Stock Down 0.7 %

VVV stock opened at $34.07 on Wednesday. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 16.30 and a beta of 1.32. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The business’s 50-day moving average is $34.80 and its two-hundred day moving average is $37.40. Valvoline Inc. has a fifty-two week low of $31.02 and a fifty-two week high of $48.27.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Valvoline had a net margin of 16.34% and a return on equity of 143.64%. As a group, analysts forecast that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Transactions at Valvoline

In other news, insider Julie Marie O’daniel sold 6,000 shares of Valvoline stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $37.41, for a total transaction of $224,460.00. Following the transaction, the insider now directly owns 15,305 shares of the company’s stock, valued at $572,560.05. The trade was a 28.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VVV shares. Royal Bank of Canada lifted their target price on shares of Valvoline from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Mizuho dropped their target price on Valvoline from $46.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, January 6th. TD Securities started coverage on Valvoline in a report on Friday, April 4th. They set a “buy” rating and a $40.00 price target for the company. Morgan Stanley reissued an “equal weight” rating and set a $38.00 price objective (down from $42.00) on shares of Valvoline in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price on shares of Valvoline from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Valvoline presently has an average rating of “Moderate Buy” and an average target price of $42.67.

Valvoline Company Profile

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.