Point72 Asset Management L.P. Boosts Stock Holdings in Valvoline Inc. (NYSE:VVV)

Point72 Asset Management L.P. grew its stake in Valvoline Inc. (NYSE:VVV - Free Report) by 124.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,418 shares of the basic materials company's stock after buying an additional 197,201 shares during the period. Point72 Asset Management L.P. owned approximately 0.28% of Valvoline worth $14,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. grew its position in Valvoline by 92.1% in the third quarter. UMB Bank n.a. now owns 630 shares of the basic materials company's stock worth $26,000 after acquiring an additional 302 shares in the last quarter. Blue Trust Inc. lifted its stake in Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock worth $32,000 after purchasing an additional 267 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Valvoline in the 2nd quarter worth about $34,000. Mather Group LLC. increased its position in shares of Valvoline by 1,617.0% during the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 760 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Valvoline during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Insider Buying and Selling

In other news, CEO Lori Ann Flees bought 2,500 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $39.64 per share, with a total value of $99,100.00. Following the acquisition, the chief executive officer now owns 38,428 shares of the company's stock, valued at approximately $1,523,285.92. This represents a 6.96 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles M. Sonsteby purchased 10,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $39.50 per share, for a total transaction of $395,000.00. Following the completion of the acquisition, the director now owns 26,437 shares of the company's stock, valued at approximately $1,044,261.50. This trade represents a 60.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by insiders.

Valvoline Trading Down 0.9 %

Shares of Valvoline stock traded down $0.36 during trading on Friday, reaching $37.69. 1,360,245 shares of the stock were exchanged, compared to its average volume of 1,404,426. The stock's fifty day moving average is $40.86 and its 200 day moving average is $41.69. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 5.77. Valvoline Inc. has a 1 year low of $33.86 and a 1 year high of $48.26. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 23.27 and a beta of 1.43.

Wall Street Analyst Weigh In

Several analysts have issued reports on VVV shares. Stephens began coverage on Valvoline in a research note on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 target price for the company. Royal Bank of Canada reduced their target price on shares of Valvoline from $52.00 to $46.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Mizuho lowered their price target on shares of Valvoline from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Wednesday, November 20th. Robert W. Baird reduced their price objective on Valvoline from $48.00 to $46.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Finally, Baird R W upgraded Valvoline to a "strong-buy" rating in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valvoline has an average rating of "Buy" and an average target price of $46.25.

Valvoline 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.