Charter Oak Advisors LP Acquires Shares of 323,458 Valvoline Inc. (NYSE:VVV)

Charter Oak Advisors LP acquired a new stake in shares of Valvoline Inc. (NYSE:VVV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 323,458 shares of the basic materials company's stock, valued at approximately $11,703,000. Valvoline comprises about 6.7% of Charter Oak Advisors LP's portfolio, making the stock its 6th biggest holding. Charter Oak Advisors LP owned approximately 0.25% of Valvoline at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VVV. Arizona State Retirement System raised its stake in Valvoline by 0.8% during the fourth quarter. Arizona State Retirement System now owns 35,530 shares of the basic materials company's stock worth $1,285,000 after acquiring an additional 281 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Valvoline by 10.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,548 shares of the basic materials company's stock worth $128,000 after purchasing an additional 349 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Valvoline by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 56,792 shares of the basic materials company's stock valued at $2,055,000 after purchasing an additional 360 shares during the period. Pacer Advisors Inc. boosted its position in Valvoline by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 19,215 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 373 shares during the period. Finally, Choreo LLC grew its stake in Valvoline by 2.5% during the 4th quarter. Choreo LLC now owns 16,260 shares of the basic materials company's stock worth $589,000 after buying an additional 396 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VVV has been the subject of several analyst reports. TD Securities initiated coverage on shares of Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target for the company. Mizuho cut their price objective on Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, January 6th. Stifel Nicolaus assumed coverage on Valvoline in a research report on Friday, December 20th. They set a "hold" rating and a $42.00 target price for the company. TD Cowen assumed coverage on Valvoline in a report on Friday, April 4th. They set a "buy" rating and a $40.00 price target on the stock. Finally, Royal Bank of Canada upped their price objective on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.67.

Valvoline Trading Up 0.8 %

NYSE VVV traded up $0.26 on Friday, reaching $33.47. The company had a trading volume of 910,878 shares, compared to its average volume of 1,368,521. The stock's 50 day moving average is $35.49 and its 200-day moving average is $37.73. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 16.01 and a beta of 1.32. Valvoline Inc. has a 52 week low of $31.02 and a 52 week high of $48.27. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 4.39.

Valvoline (NYSE:VVV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. Equities analysts predict that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Activity at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total value of $224,460.00. Following the completion of the transaction, the insider now owns 15,305 shares of the company's stock, valued at $572,560.05. This represents a 28.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

About Valvoline

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.