Valvoline Inc (NYSE:VVV) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 5,420,000 shares, an increase of 9.9% from the June 30th total of 4,930,000 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average trading volume of 1,840,000 shares, the days-to-cover ratio is currently 2.9 days.
NYSE VVV opened at $20.52 on Friday. The stock has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $18.33. The company has a market capitalization of $3.80 billion, a PE ratio of 13.59, a P/E/G ratio of 4.77 and a beta of 1.50. Valvoline has a 12 month low of $9.06 and a 12 month high of $23.90.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Valvoline had a negative return on equity of 120.89% and a net margin of 9.39%. The business had revenue of $578.00 million during the quarter, compared to the consensus estimate of $577.85 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Valvoline will post 1.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.113 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.45 dividend on an annualized basis and a yield of 2.20%. Valvoline’s payout ratio is 32.37%.
Large investors have recently bought and sold shares of the business. Signaturefd LLC grew its stake in Valvoline by 88.5% in the first quarter. Signaturefd LLC now owns 1,900 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 892 shares during the period. CWM Advisors LLC acquired a new position in Valvoline in the first quarter valued at about $30,000. Allworth Financial LP grew its stake in Valvoline by 44.9% in the second quarter. Allworth Financial LP now owns 1,559 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 483 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Valvoline by 459.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,860 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 2,349 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in Valvoline in the first quarter valued at about $107,000. 91.87% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on VVV shares. Morgan Stanley boosted their target price on Valvoline from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. SunTrust Banks upgraded Valvoline from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday, June 4th. Finally, Zacks Investment Research restated a “hold” rating on shares of Valvoline in a research report on Saturday, May 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Valvoline presently has an average rating of “Hold” and an average price target of $21.33.
Valvoline Company Profile
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. 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 comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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