Today: Today, Valvoline (VVV) Cut to “Sell” at The Zacks Investment Research

Today, Valvoline (VVV) Cut to “Sell” at The Zacks Investment Research

Zacks Investment Research cut shares of Valvoline (NYSE:VVV) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “Valvoline Inc. is a producer and distributor of premium-branded automotive, commercial and industrial lubricants as well as automotive chemicals. The company’s brand and franchises consists of Valvoline Instant Oil Change(SM), Valvoline lubricants and automotive chemicals (TM), MaxLife lubricants (TM), SynPower(TM) and Zerex(TM) antifreeze. Valvoline Inc. is based in Lexington, United States. “

Other analysts have also issued research reports about the company. Deutsche Bank AG assumed coverage on Valvoline in a research report on Tuesday, October 18th. They set a hold rating and a $24.00 price objective on the stock. Gabelli lowered Valvoline from a buy rating to a hold rating in a research report on Thursday, November 10th. JPMorgan Chase & Co. assumed coverage on Valvoline in a research report on Friday, October 21st. They set a neutral rating on the stock. Monness Crespi & Hardt assumed coverage on Valvoline in a research report on Tuesday, September 27th. They set a buy rating and a $27.00 price objective on the stock. Finally, Longbow Research assumed coverage on Valvoline in a research report on Friday, October 21st. They set a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $26.11.

Valvoline (NYSE:VVV) opened at 21.14 on Wednesday. The company has a 50-day moving average price of $21.16 and a 200-day moving average price of $21.68. The stock has a market cap of $4.33 billion and a price-to-earnings ratio of 15.89. Valvoline has a 52 week low of $18.30 and a 52 week high of $24.51.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.03. The firm earned $494 million during the quarter, compared to analyst estimates of $487.50 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Valvoline will post $1.31 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Monday, December 5th will be paid a dividend of $0.049 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%.

In other news, Director Stephen E. Macadam bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average price of $22.00 per share, for a total transaction of $110,000.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $110,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Samuel J. Mitchell bought 25,000 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were purchased at an average price of $22.00 per share, with a total value of $550,000.00. Following the purchase, the chief executive officer now owns 25,000 shares of the company’s stock, valued at approximately $550,000. The disclosure for this purchase can be found here.

Several institutional investors have recently modified their holdings of VVV. Henderson Group PLC purchased a new position in shares of Valvoline during the third quarter worth approximately $1,175,000. Exane Asset Management purchased a new position in shares of Valvoline during the third quarter worth approximately $8,883,000. Seatown Holdings Pte. Ltd. purchased a new position in shares of Valvoline during the third quarter worth approximately $2,349,000. First Trust Advisors LP purchased a new position in shares of Valvoline during the third quarter worth approximately $5,093,000. Finally, TD Asset Management Inc. purchased a new position in shares of Valvoline during the third quarter worth approximately $1,893,000.

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