Geode Capital Management LLC Boosts Position in Valvoline Inc. (VVV)

Geode Capital Management LLC increased its stake in Valvoline Inc. (NYSE:VVV) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,378 shares of the basic materials company’s stock after buying an additional 19,872 shares during the period. Geode Capital Management LLC owned about 0.12% of Valvoline worth $6,220,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VVV. Eos Focused Equity Management L.P. increased its position in shares of Valvoline by 12.1% in the first quarter. Eos Focused Equity Management L.P. now owns 228,218 shares of the basic materials company’s stock worth $5,603,000 after buying an additional 24,547 shares during the last quarter. American Century Companies Inc. boosted its stake in Valvoline by 87.5% in the first quarter. American Century Companies Inc. now owns 568,400 shares of the basic materials company’s stock worth $13,954,000 after buying an additional 265,252 shares during the period. First Trust Advisors LP boosted its stake in Valvoline by 14.7% in the first quarter. First Trust Advisors LP now owns 138,945 shares of the basic materials company’s stock worth $3,411,000 after buying an additional 17,810 shares during the period. Wells Fargo & Company MN boosted its stake in Valvoline by 58.3% in the first quarter. Wells Fargo & Company MN now owns 76,932 shares of the basic materials company’s stock worth $1,889,000 after buying an additional 28,343 shares during the period. Finally, KAMES CAPITAL plc bought a new stake in shares of Valvoline during the first quarter worth approximately $1,023,000. 41.01% of the stock is currently owned by institutional investors and hedge funds.

Valvoline Inc. (NYSE:VVV) traded down 1.37% on Friday, reaching $21.55. The company’s stock had a trading volume of 1,208,958 shares. The company has a 50 day moving average of $22.68 and a 200 day moving average of $23.06. The firm has a market capitalization of $4.37 billion and a price-to-earnings ratio of 18.87. Valvoline Inc. has a 52 week low of $18.30 and a 52 week high of $24.98.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $534 million for the quarter, compared to analysts’ expectations of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts forecast that Valvoline Inc. will post $1.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.049 dividend. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Wednesday, August 30th. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.

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VVV has been the subject of a number of analyst reports. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Friday, April 28th. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, June 7th. Deutsche Bank AG reiterated a “hold” rating and set a $23.00 target price (up previously from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $22.00 price target (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.83.

About Valvoline

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

Institutional Ownership by Quarter for Valvoline (NYSE:VVV)

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