Anthracite Investment Company Inc. Makes New Investment in Valvoline $VVV

Anthracite Investment Company Inc. bought a new position in Valvoline (NYSE:VVV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 47,000 shares of the basic materials company’s stock, valued at approximately $1,780,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. L. Roy Papp & Associates LLP grew its stake in Valvoline by 2.0% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 18,440 shares of the basic materials company’s stock worth $698,000 after acquiring an additional 360 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of Valvoline by 4.2% in the 1st quarter. Isthmus Partners LLC now owns 9,544 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 387 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Valvoline by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,496 shares of the basic materials company’s stock worth $695,000 after purchasing an additional 437 shares during the period. Meridian Wealth Management LLC lifted its position in shares of Valvoline by 5.8% in the 1st quarter. Meridian Wealth Management LLC now owns 8,058 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 443 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Valvoline by 67.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,164 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 469 shares during the period. 96.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VVV shares. Zacks Research raised shares of Valvoline to a “hold” rating in a research report on Tuesday, August 12th. Wall Street Zen cut shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Cfra Research raised shares of Valvoline to a “hold” rating in a research report on Monday, July 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valvoline in a research report on Friday. Finally, Piper Sandler upped their price target on shares of Valvoline from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.62.

Valvoline Trading Down 0.3%

NYSE VVV opened at $33.73 on Friday. The company has a fifty day simple moving average of $37.39 and a two-hundred day simple moving average of $36.44. The stock has a market cap of $4.29 billion, a P/E ratio of 15.69 and a beta of 1.18. Valvoline has a 12-month low of $31.01 and a 12-month high of $43.74. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 3.37.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $436.35 million. Valvoline had a net margin of 16.43% and a return on equity of 84.85%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, analysts forecast that Valvoline will post 1.63 earnings per share for the current year.

Insider Buying and Selling at Valvoline

In other Valvoline news, CFO J Kevin Willis acquired 12,725 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $39.41 per share, for a total transaction of $501,492.25. Following the completion of the purchase, the chief financial officer directly owned 12,725 shares of the company’s stock, valued at $501,492.25. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is owned by insiders.

About Valvoline

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.