Corebridge Financial Inc. Sells 6,609 Shares of Valvoline Inc. (NYSE:VVV)

Corebridge Financial Inc. cut its position in shares of Valvoline Inc. (NYSE:VVV) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 147,301 shares of the basic materials company’s stock after selling 6,609 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Valvoline worth $5,329,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VVV. Wasatch Advisors LP boosted its stake in shares of Valvoline by 16.8% in the 3rd quarter. Wasatch Advisors LP now owns 9,738,142 shares of the basic materials company’s stock worth $407,541,000 after buying an additional 1,398,310 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in Valvoline by 766.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 644,980 shares of the basic materials company’s stock worth $23,335,000 after acquiring an additional 570,550 shares during the period. Assenagon Asset Management S.A. bought a new stake in Valvoline during the fourth quarter worth $17,340,000. Geneva Capital Management LLC boosted its position in Valvoline by 56.3% in the fourth quarter. Geneva Capital Management LLC now owns 1,220,453 shares of the basic materials company’s stock worth $44,156,000 after purchasing an additional 439,809 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Valvoline by 28.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,577,313 shares of the basic materials company’s stock valued at $57,067,000 after purchasing an additional 349,778 shares during the period. 96.13% of the stock is owned by institutional investors.

Valvoline Trading Down 0.5 %

Shares of VVV stock opened at $35.11 on Friday. Valvoline Inc. has a 1 year low of $33.90 and a 1 year high of $48.27. The company’s fifty day simple moving average is $36.78 and its two-hundred day simple moving average is $38.58. 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 $4.46 billion, a price-to-earnings ratio of 16.80 and a beta of 1.48.

Valvoline (NYSE:VVV) 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 analysts’ consensus estimates of $0.31 by $0.01. Valvoline had a return on equity of 143.64% and a net margin of 16.34%. As a group, analysts anticipate that Valvoline Inc. will post 1.63 earnings per share for the current year.

Insider Transactions at Valvoline

In related news, insider Julie Marie O’daniel sold 6,000 shares of the business’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 transaction of $224,460.00. Following the completion of the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

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

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.