Share Repurchase Program Authorized by Valvoline (NYSE:VVV) Board

Valvoline (NYSE:VVV) announced that its Board of Directors has approved a stock buyback program on Tuesday, September 29th, RTT News reports. The company plans to buyback $175.00 million in outstanding shares. This buyback authorization permits the basic materials company to buy up to 4.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

VVV has been the topic of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of Valvoline in a research report on Wednesday, August 19th. Morgan Stanley reaffirmed a “buy” rating on shares of Valvoline in a research note on Thursday. Barclays raised their price objective on shares of Valvoline from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Valvoline from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Citigroup reduced their target price on shares of Valvoline from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Valvoline currently has an average rating of “Moderate Buy” and a consensus target price of $42.12.

Valvoline Trading Up 2.1%

Shares of NYSE VVV opened at $30.78 on Friday. The business has a 50 day simple moving average of $32.69 and a 200 day simple moving average of $34.49. Valvoline has a 52 week low of $26.21 and a 52 week high of $41.08. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 38.48 and a beta of 1.03. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.58 and a current ratio of 0.70.

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

Insider Buying and Selling at Valvoline

In other Valvoline news, insider Julie O’Daniel sold 3,700 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $33.81, for a total transaction of $125,097.00. Following the completion of the transaction, the insider owned 14,279 shares in the company, valued at $482,772.99. This trade represents a 20.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jordan Denny purchased 1,506 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $33.20 per share, with a total value of $49,999.20. Following the completion of the acquisition, the chief accounting officer directly owned 4,121 shares in the company, valued at $136,817.20. The trade was a 57.59% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.66% of the stock is owned by company insiders.

Valvoline Company Profile

Valvoline Inc (NYSE: VVV) is an automotive services company that operates and franchises quick-lube service centers. Its locations provide routine vehicle maintenance, including oil changes, fluid services, filter replacement, battery replacement, windshield wiper replacement and tire services. The company’s service model is designed to allow customers to receive maintenance without a scheduled appointment or leaving their vehicle.

Valvoline serves customers primarily in the United States and Canada through company-operated and franchised service centers under the Valvoline Instant Oil Change and related brands.