Shelton Capital Management Sells 700 Shares of Valvoline Inc. (NYSE:VVV)

Shelton Capital Management reduced its holdings in Valvoline Inc. (NYSE:VVV) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,937 shares of the basic materials company’s stock after selling 700 shares during the period. Shelton Capital Management’s holdings in Valvoline were worth $298,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its holdings in Valvoline by 15.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,875 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 1,355 shares during the period. American Century Companies Inc. lifted its stake in shares of Valvoline by 6.9% in the first quarter. American Century Companies Inc. now owns 57,072 shares of the basic materials company’s stock valued at $1,801,000 after buying an additional 3,687 shares during the period. US Bancorp DE grew its position in Valvoline by 47.0% during the first quarter. US Bancorp DE now owns 21,610 shares of the basic materials company’s stock worth $682,000 after buying an additional 6,914 shares in the last quarter. HighTower Advisors LLC increased its stake in Valvoline by 42.8% during the first quarter. HighTower Advisors LLC now owns 34,130 shares of the basic materials company’s stock valued at $1,075,000 after acquiring an additional 10,224 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Valvoline by 5.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,908 shares of the basic materials company’s stock valued at $849,000 after acquiring an additional 1,456 shares in the last quarter. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on VVV. Wells Fargo & Company assumed coverage on Valvoline in a research note on Thursday, September 7th. They issued an “overweight” rating and a $42.00 target price for the company. Morgan Stanley decreased their price objective on Valvoline from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, November 10th. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 target price on shares of Valvoline in a research report on Monday, September 11th. TheStreet cut Valvoline from a “b” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, JPMorgan Chase & Co. cut their price objective on Valvoline from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, August 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.43.

Insider Activity at Valvoline

In other Valvoline news, SVP Robert Travis Dobbins sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $33.53, for a total transaction of $57,001.00. Following the completion of the transaction, the senior vice president now owns 10,383 shares of the company’s stock, valued at approximately $348,141.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Valvoline news, SVP Robert Travis Dobbins sold 1,700 shares of Valvoline stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $33.53, for a total value of $57,001.00. Following the sale, the senior vice president now directly owns 10,383 shares in the company, valued at approximately $348,141.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Julie Marie O’daniel sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $34.16, for a total transaction of $68,320.00. Following the sale, the insider now directly owns 14,230 shares in the company, valued at $486,096.80. The disclosure for this sale can be found here. In the last quarter, insiders have bought 17,839 shares of company stock valued at $601,606. 0.99% of the stock is owned by insiders.

Valvoline Stock Down 1.7 %

Valvoline stock opened at $34.53 on Tuesday. The company’s 50 day simple moving average is $31.76 and its 200 day simple moving average is $34.89. The company has a debt-to-equity ratio of 7.83, a current ratio of 2.59 and a quick ratio of 2.49. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 4.18 and a beta of 1.36. Valvoline Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $39.67.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Thursday, November 9th. The basic materials company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $390.25 million. Valvoline had a net margin of 98.10% and a return on equity of 35.65%. Valvoline’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, sell-side analysts anticipate that Valvoline Inc. will post 1.59 EPS for the current year.

About Valvoline

Valvoline Inc provides automotive services through retail stores in the United States and Canada. It offers cabin air filter, battery replacement, and tire rotation services for various vehicles. As of September 30, 2022, it operated 1,700 system-wide service center stores. The company was founded in 1866 and is headquartered in Lexington, Kentucky.