Oppenheimer Asset Management Inc. Takes Position in Valvoline $VVV

Oppenheimer Asset Management Inc. purchased a new position in Valvoline (NYSE:VVV) during the second quarter, HoldingsChannel.com reports. The fund purchased 72,124 shares of the basic materials company’s stock, valued at approximately $2,852,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new position in Valvoline during the 1st quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in Valvoline by 1,621.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,050 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 989 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in Valvoline in the first quarter worth $42,000. GAMMA Investing LLC grew its stake in shares of Valvoline by 39.9% in the second quarter. GAMMA Investing LLC now owns 1,435 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 409 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Valvoline by 90.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,458 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 691 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VVV shares. Barclays raised their price target on Valvoline from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Stephens increased their price objective on shares of Valvoline from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of Valvoline from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on shares of Valvoline from $47.00 to $46.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Finally, Zacks Research raised shares of Valvoline from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Valvoline currently has an average rating of “Moderate Buy” and a consensus price target of $42.56.

Insider Activity

In other Valvoline news, insider Jonathan L. Caldwell sold 2,851 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $40.00, for a total transaction of $114,040.00. Following the transaction, the insider owned 20,918 shares in the company, valued at approximately $836,720. This represents a 11.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Jordan M. Denny purchased 1,506 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $33.20 per share, for a total transaction of $49,999.20. Following the acquisition, the chief accounting officer owned 4,121 shares in the company, valued at approximately $136,817.20. The trade was a 57.59% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.66% of the stock is currently owned by company insiders.

Valvoline Stock Up 0.9%

Valvoline stock opened at $34.07 on Friday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 42.59 and a beta of 1.00. The stock has a fifty day simple moving average of $38.00 and a two-hundred day simple moving average of $35.83. Valvoline has a 12 month low of $28.50 and a 12 month high of $41.33. The company has a current ratio of 0.70, a quick ratio of 0.58 and a debt-to-equity ratio of 3.77.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Valvoline had a return on equity of 65.12% and a net margin of 5.17%.The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $543.21 million. During the same period in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Valvoline has set its FY 2026 guidance at 1.700-1.750 EPS. Equities analysts predict that Valvoline will post 1.76 EPS for the current fiscal year.

Valvoline Profile

Valvoline (NYSE: VVV) is a leading global producer and distributor of automotive and industrial lubricants. The company’s portfolio spans engine oils, gear oils, transmission fluids, greases, coolants and driveline products, all designed to help improve vehicle performance and longevity. Valvoline’s products are marketed under the Valvoline®, Valvoline NextGen® and Valvoline™ SynPower® brand names and are formulated to meet the stringent requirements of passenger cars, light trucks, heavy?duty vehicles and off?road applications.

In addition to its core lubricant business, Valvoline operates one of North America’s largest quick?lubricant service networks through Valvoline Instant Oil Change? (VIOC).