NEXT Financial Group Inc acquired a new stake in shares of Valero Energy Co. (NYSE:VLO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,186 shares of the oil and gas company’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in VLO. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Valero Energy during the 4th quarter valued at about $302,721,000. Natixis raised its holdings in shares of Valero Energy by 4,649.9% during the 1st quarter. Natixis now owns 508,147 shares of the oil and gas company’s stock valued at $47,141,000 after buying an additional 497,449 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Valero Energy by 70.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,020,560 shares of the oil and gas company’s stock valued at $94,679,000 after buying an additional 421,540 shares in the last quarter. Mackay Shields LLC purchased a new position in shares of Valero Energy during the 1st quarter valued at about $35,921,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Valero Energy by 760.0% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 322,500 shares of the oil and gas company’s stock valued at $29,641,000 after buying an additional 285,000 shares in the last quarter. 77.62% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the company. Argus raised their price objective on Valero Energy to $130.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Wells Fargo & Co raised their price objective on Valero Energy from $122.00 to $146.00 and gave the company a “positive” rating in a report on Tuesday, May 29th. Credit Suisse Group raised their price objective on Valero Energy from $102.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, April 30th. Cowen raised their price objective on Valero Energy from $100.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, April 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $105.00 price target (up from $99.00) on shares of Valero Energy in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and an average price target of $108.65.
Shares of VLO stock opened at $112.24 on Friday. The company has a market capitalization of $47.94 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. Valero Energy Co. has a fifty-two week low of $64.22 and a fifty-two week high of $126.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.70.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 26th. The oil and gas company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. The firm had revenue of $264.90 million for the quarter, compared to analyst estimates of $23.35 billion. Valero Energy had a return on equity of 10.61% and a net margin of 4.29%. The business’s quarterly revenue was down 98.8% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. research analysts forecast that Valero Energy Co. will post 7.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 5th. Stockholders of record on Thursday, May 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.85%. Valero Energy’s dividend payout ratio is currently 64.52%.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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