Checking in on Valvoline Inc. (VVV) after recent insiders movement


Valvoline Inc.’s filing revealed that its CLO and Corp. Secy O’Daniel Julie Marie unloaded Company’s shares for reported $68320.0 on Aug 31. In the deal valued at $34.16 per share,2,000 shares were sold. As a result of this transaction, O’Daniel Julie Marie now holds 14,230 shares worth roughly $ 0.48 million.

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Then, Freeland Richard Joseph bought 2,960 shares, generating $100,563 in total proceeds. Upon buying the shares at $33.97, the Director now owns 13,012 shares.

Before that, Flees Lori Ann bought 8,879 shares. Valvoline Inc. shares valued at $299,742 were divested by the SVP and Pres., Retail Services at a price of $33.76 per share. As a result of the transaction, Flees Lori Ann now holds 12,613 shares, worth roughly $0.42 million.

Stephens initiated its Valvoline Inc. [VVV] rating to an Overweight in a research note published on Tuesday, June 23, 2023; the price target was $43. PT values the company’s stock at a premium of 21.93 to its Tuesday closing price.

Price Performance Review of VVV

On Tuesday, Valvoline Inc. [NYSE:VVV] saw its stock fall -3.31% to $33.57. On the same session, the stock had its day’s lowest price of $33.49, but rose to a high of $34.72. Over the last five days, the stock has gained 0.60%. Valvoline Inc. shares have risen nearly 2.82% since the year began. Nevertheless, the stocks have risen 16.52% over the past one year. While a 52-week high of $39.67 was reached on 05/11/23, a 52-week low of $24.40 was recorded on 01/03/23. SMA at 50 days reached $36.18, while 200 days put it at $35.17. A total of 1.55 million shares were traded, compared to the trading of 0.99 million shares in the previous session.

Levels Of Support And Resistance For VVV Stock

The 24-hour chart illustrates a support level at 33.13, which if violated will result in even more drops to 32.70. On the upside, there is a resistance level at 34.36. A further resistance level may holdings at 35.16. The Relative Strength Index (RSI) on the 14-day chart is 38.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.74%. Stochastics %K at 64.15% indicates the stock is a holding.

How much short interest is there in Valvoline Inc.?

A steep rise in short interest was recorded in Valvoline Inc. stocks on Aug 14, 2023, dropping by -0.38 million shares to a total of 5.81 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.19 million shares. There was a decline of -6.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.15.

Valvoline Inc. [VVV] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,572,035 shares, or roughly 8.19% of the outstanding VVV shares. In other words, the investor’s shares have fallen by -3,337,421 from its previous 13-F filing of 16909456.0. Additionally, BlackRock Fund Advisors decreased -16.89% of its stake after which the total value it holdings stand at $452,584,212, while Viking Global Investors LP added 8.53% of its stake to hold $316.61 million in the firm. Over the last quarter, Wasatch Advisors, Inc. sold -1,438,118 shares of Valvoline Inc., while Fidelity Management & Research Co sold -4,103,904 shares. At present, SSgA Funds Management, Inc. is holding 4,481,118 shares valued at $170.15 million. Scharf Investments LLC owned 3,700,321 shares of the company at the time of its most recent 13F filing, worth $140.5 million.

According to FactSet, Valvoline Inc.’s share price will average $41.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.85 percent from its previous closing price of $34.72. Analysts expect Valvoline Inc. stock to reach the higher price of $47.00, while the lowest price estimate is $36.00. However, 9 analysts have rated VVV stock as an Overweight in their predictions for 2023.


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