Boomfish Wealth Group LLC Sells 19,777 Shares of Valvoline Inc. (NYSE:VVV)

Boomfish Wealth Group LLC trimmed its holdings in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 66.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,936 shares of the basic materials company's stock after selling 19,777 shares during the period. Boomfish Wealth Group LLC's holdings in Valvoline were worth $359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its stake in shares of Valvoline by 92.1% in the 3rd quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock worth $26,000 after buying an additional 302 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Valvoline during the third quarter worth about $41,000. ORG Partners LLC grew its holdings in Valvoline by 466.7% during the fourth quarter. ORG Partners LLC now owns 1,275 shares of the basic materials company's stock worth $46,000 after acquiring an additional 1,050 shares during the period. Blue Trust Inc. raised its position in Valvoline by 83.0% in the third quarter. Blue Trust Inc. now owns 1,332 shares of the basic materials company's stock worth $58,000 after acquiring an additional 604 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Valvoline by 46.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,465 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 465 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

Valvoline Stock Down 0.3 %

NYSE:VVV traded down $0.10 during trading hours on Tuesday, hitting $36.55. 1,262,828 shares of the company's stock traded hands, compared to its average volume of 1,401,993. The stock's fifty day moving average price is $37.14 and its two-hundred day moving average price is $40.05. The firm has a market cap of $4.69 billion, a P/E ratio of 22.59 and a beta of 1.45. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. Valvoline Inc. has a twelve month low of $33.86 and a twelve month high of $48.26.

Insider Transactions at Valvoline

In other Valvoline news, CTO Robert Travis Dobbins sold 1,914 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $40.00, for a total value of $76,560.00. Following the transaction, the chief technology officer now owns 14,956 shares in the company, valued at approximately $598,240. This represents a 11.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lori Ann Flees bought 2,500 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $39.64 per share, with a total value of $99,100.00. Following the purchase, the chief executive officer now directly owns 38,428 shares in the company, valued at approximately $1,523,285.92. This trade represents a 6.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Wells Fargo & Company decreased their price target on shares of Valvoline from $46.00 to $44.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 20th. Royal Bank of Canada cut their price objective on Valvoline from $52.00 to $46.00 and set an "outperform" rating for the company in a research report on Wednesday, November 20th. Mizuho cut their price objective on Valvoline from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, January 6th. Finally, Stephens initiated coverage on Valvoline in a research report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $44.89.

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.