Valvoline Inc. (NYSE:VVV) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,296 shares of the basic materials company's stock after selling 60,982 shares during the quarter. Corient Private Wealth LLC owned 0.07% of Valvoline worth $3,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VVV. Centricity Wealth Management LLC acquired a new position in Valvoline during the fourth quarter worth $36,000. Prospera Private Wealth LLC purchased a new stake in shares of Valvoline in the 3rd quarter valued at $41,000. ORG Partners LLC lifted its stake in Valvoline by 466.7% during the 4th 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 in the last quarter. Atala Financial Inc purchased a new position in Valvoline during the 4th quarter valued at about $77,000. Finally, Blue Trust Inc. grew its position in Valvoline by 90.5% in the 4th quarter. Blue Trust Inc. now owns 2,538 shares of the basic materials company's stock valued at $92,000 after acquiring an additional 1,206 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company's stock.

Insider Buying and Selling

In related news, insider Julie Marie O'daniel sold 6,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $37.41, for a total transaction of $224,460.00. Following the completion of the sale, the insider now owns 15,305 shares in the company, 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 the SEC website. 0.66% of the stock is currently owned by company insiders.

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Valvoline Stock Down 2.9 %

Shares of NYSE:VVV traded down $1.05 during trading on Tuesday, hitting $34.87. 1,730,039 shares of the company were exchanged, compared to its average volume of 1,274,017. The firm's 50 day moving average price is $36.86 and its 200-day moving average price is $38.66. Valvoline Inc. has a 12-month low of $33.90 and a 12-month high of $48.27. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.70 and a quick ratio of 0.58. The stock has a market capitalization of $4.43 billion, a P/E ratio of 16.68 and a beta of 1.48.

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

Analyst Ratings Changes

VVV has been the topic of several research reports. Mizuho reduced their price target on shares of Valvoline from $46.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Valvoline in a report on Friday, December 20th. They set a "hold" rating and a $42.00 target price on the stock. Royal Bank of Canada raised their price target on shares of Valvoline from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Valvoline from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $38.00 target price (down from $42.00) on shares of Valvoline in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $44.40.

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.