Valvoline Inc (NYSE: VVV) stock fell -1.68% on Monday to $34.53 against a previous-day closing price of $35.12. With 3.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.6 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $35.26 whereas the lowest price it dropped to was $34.31. The 52-week range on VVV shows that it touched its highest point at $39.67 and its lowest point at $29.15 during that stretch. It currently has a 1-year price target of $40.25. Beta for the stock currently stands at 1.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VVV was up-trending over the past week, with a rise of 5.63%, but this was up by 12.37% over a month. Three-month performance surged to 2.95% while six-month performance fell -10.87%. The stock gained 5.05% in the past year, while it has gained 5.76% so far this year. A look at the trailing 12-month EPS for VVV yields -0.84 with Next year EPS estimates of 1.95. For the next quarter, that number is 0.28. This implies an EPS growth rate of 34.38% for this year and 23.26% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 59.54%.
Float and Shares Shorts:
At present, 176.10 million VVV shares are outstanding with a float of 137.87 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.12 million, which was 4.41% higher than short shares on Sep 28, 2023. In addition to Ms. Lori A. Flees as the firm’s CEO, President & Director, Ms. Mary E. Meixelsperger serves as its Chief Financial Officer.
Through their ownership of 97.41% of VVV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.38% of VVV, in contrast to 44.09% held by mutual funds. Shares owned by individuals account for 123.31%. As the largest shareholder in VVV with 9.75% of the stake, The Vanguard Group, Inc. holds 13,519,373 shares worth 13,519,373. A second-largest stockholder of VVV, BlackRock Fund Advisors, holds 11,810,880 shares, controlling over 8.52% of the firm’s shares. Viking Global Investors LP is the third largest shareholder in VVV, holding 8,867,163 shares or 6.40% stake. With a 3.13% stake in VVV, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,341,733 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.09% of VVV stock, is the second-largest Mutual Fund holder. It holds 4,282,186 shares valued at 127.05 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in VVV, owning 3,576,177 shares worth 106.11 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VVV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VVV analysts setting a high price target of $46.00 and a low target of $36.00, the average target price over the next 12 months is $40.25. Based on these targets, VVV could surge 33.22% to reach the target high and rise by 4.26% to reach the target low. Reaching the average price target will result in a growth of 16.57% from current levels.
Summary of Insider Activity:
Insiders traded VVV stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 8,960 shares were bought while 3,849 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 71,227 while 65,231 shares were sold.