Valvoline Inc. (NYSE:VVV) Stake Cut by Corient Private Wealth LLC

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in Valvoline by 16.8% in the third quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company's stock valued at $407,541,000 after acquiring an additional 1,398,310 shares during the period. State Street Corp lifted its holdings in shares of Valvoline by 0.4% in the 3rd quarter. State Street Corp now owns 4,096,436 shares of the basic materials company's stock worth $171,436,000 after purchasing an additional 16,916 shares during the last quarter. Geode Capital Management LLC grew its stake in Valvoline by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock worth $93,215,000 after buying an additional 54,545 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Valvoline by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,642,754 shares of the basic materials company's stock worth $59,435,000 after buying an additional 16,912 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Valvoline by 28.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,577,313 shares of the basic materials company's stock worth $57,067,000 after buying an additional 349,778 shares during the period. Institutional investors and hedge funds own 96.13% of the company's stock.

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Valvoline Price Performance

NYSE VVV traded up $0.47 on Wednesday, reaching $35.32. The company's stock had a trading volume of 1,382,984 shares, compared to its average volume of 1,275,991. Valvoline Inc. has a twelve month low of $33.90 and a twelve month high of $48.27. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.58 and a current ratio of 0.70. The firm's 50 day moving average is $36.86 and its two-hundred day moving average is $38.66. The stock has a market cap of $4.49 billion, a PE ratio of 16.90 and a beta of 1.48.

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

Insider Transactions at Valvoline

In related news, insider Julie Marie O'daniel sold 6,000 shares of the company's 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 sale, the insider now owns 15,305 shares in the company, valued at approximately $572,560.05. This represents a 28.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley restated an "equal weight" rating and issued a $38.00 price target (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price objective on Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Mizuho cut their target price 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 began coverage on Valvoline in a research note on Friday, December 20th. They issued a "hold" rating and a $42.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.