Oregon Public Employees Retirement Fund Has $1.16 Million Position in Valvoline Inc. (NYSE:VVV)

Oregon Public Employees Retirement Fund cut its holdings in Valvoline Inc. (NYSE:VVV) by 16.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,748 shares of the basic materials company’s stock after selling 5,300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Valvoline were worth $1,156,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in Valvoline by 57.9% in the 2nd quarter. Blue Trust Inc. now owns 728 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 267 shares in the last quarter. Mather Group LLC. grew its stake in shares of Valvoline by 1,617.0% during the second 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. Principal Securities Inc. acquired a new stake in shares of Valvoline in the fourth quarter valued at approximately $39,000. Quadrant Capital Group LLC raised its position in Valvoline by 23.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,940 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 364 shares during the last quarter. Finally, Park Place Capital Corp lifted its holdings in Valvoline by 176.9% during the 1st quarter. Park Place Capital Corp now owns 1,886 shares of the basic materials company’s stock worth $84,000 after buying an additional 1,205 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada lowered their target price on Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Piper Sandler assumed coverage on Valvoline in a report on Wednesday, June 12th. They set an “overweight” rating and a $49.00 price objective for the company. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company lowered their price target on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Citigroup increased their price objective on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.25.

Valvoline Stock Down 1.6 %

Valvoline stock opened at $39.37 on Monday. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 31.25 and a beta of 1.45. The company’s 50 day simple moving average is $42.98 and its 200 day simple moving average is $42.63. The company has a debt-to-equity ratio of 10.57, a current ratio of 0.73 and a quick ratio of 0.62. Valvoline Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $48.26.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Valvoline had a return on equity of 182.88% and a net margin of 10.45%. The firm had revenue of $421.00 million for the quarter, compared to the consensus estimate of $425.17 million. During the same period in the prior year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valvoline Inc. will post 1.53 EPS for the current year.

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.