Quantamental Technologies LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 516 shares of the oil and gas company’s stock, valued at approximately $44,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of Valero Energy by 14.2% in the 3rd quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock valued at $403,246,000 after buying an additional 441,925 shares during the period. Marshall Wace LLP purchased a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $1,184,000. Cozad Asset Management Inc. grew its stake in shares of Valero Energy by 9.6% in the 4th quarter. Cozad Asset Management Inc. now owns 14,507 shares of the oil and gas company’s stock valued at $1,088,000 after buying an additional 1,275 shares during the period. Denali Advisors LLC grew its stake in shares of Valero Energy by 9.9% in the 4th quarter. Denali Advisors LLC now owns 28,800 shares of the oil and gas company’s stock valued at $2,159,000 after buying an additional 2,600 shares during the period. Finally, First United Bank Trust grew its stake in shares of Valero Energy by 8.7% in the 4th quarter. First United Bank Trust now owns 4,850 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 390 shares during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.
Several research firms have recently weighed in on VLO. Raymond James increased their price target on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley increased their price target on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Argus set a $110.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th. Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $107.82.
In related news, Director Stephen M. Waters acquired 500 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were purchased at an average cost of $84.97 per share, for a total transaction of $42,485.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Shares of VLO stock opened at $82.96 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a one year low of $68.81 and a one year high of $126.98. The company has a market capitalization of $34.69 billion, a PE ratio of 11.26, a P/E/G ratio of 1.56 and a beta of 1.18.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The firm had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. Equities analysts expect that Valero Energy Co. will post 6.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 4.34%. Valero Energy’s dividend payout ratio is currently 48.85%.
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Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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