ExodusPoint Capital Management LP Acquires 52,226 Shares of Valvoline Inc. (NYSE:VVV)

ExodusPoint Capital Management LP raised its position in shares of Valvoline Inc. (NYSE:VVV - Free Report) by 56.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,048 shares of the basic materials company's stock after purchasing an additional 52,226 shares during the period. ExodusPoint Capital Management LP owned approximately 0.11% of Valvoline worth $5,212,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake 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 valued at $171,436,000 after purchasing an additional 16,916 shares in the last quarter. Geode Capital Management LLC lifted its stake in Valvoline by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,226,769 shares of the basic materials company's stock worth $93,215,000 after purchasing an additional 54,545 shares during the last quarter. Barclays PLC boosted its position in Valvoline by 52.4% during the third quarter. Barclays PLC now owns 53,580 shares of the basic materials company's stock valued at $2,242,000 after buying an additional 18,414 shares during the period. Confluence Investment Management LLC bought a new position in shares of Valvoline during the fourth quarter valued at about $9,095,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Valvoline by 1.0% in the fourth 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 period. Institutional investors own 96.13% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VVV. Stifel Nicolaus assumed coverage on Valvoline in a report on Friday, December 20th. They set a "hold" rating and a $42.00 target price for the company. Morgan Stanley reissued an "equal weight" rating and set a $38.00 price objective (down previously from $42.00) on shares of Valvoline in a research note on Tuesday, January 21st. Royal Bank of Canada lifted their target price on shares of Valvoline from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Valvoline from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, TD Cowen initiated coverage on shares of Valvoline in a report on Friday, April 4th. They issued a "buy" rating and a $40.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Valvoline currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.

Valvoline Stock Up 3.8 %

Shares of NYSE:VVV traded up $1.25 during midday trading on Friday, reaching $34.00. The company's stock had a trading volume of 2,491,514 shares, compared to its average volume of 1,356,652. Valvoline Inc. has a 12-month low of $31.02 and a 12-month high of $48.27. The firm has a market capitalization of $4.32 billion, a P/E ratio of 16.27 and a beta of 1.32. The firm has a 50 day moving average of $36.02 and a 200-day moving average of $37.99. 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 announced its earnings results on Thursday, February 6th. The basic materials company reported $0.32 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie Marie O'daniel sold 6,000 shares of Valvoline stock in a transaction dated 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 directly owns 15,305 shares of the company's stock, valued at approximately $572,560.05. The trade was a 28.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is owned by company insiders.

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.