Steward Partners Investment Advisory LLC lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,594 shares of the oil and gas company’s stock after buying an additional 2,597 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Valero Energy were worth $2,510,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its position in shares of Valero Energy by 4,599.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock valued at $167,000 after buying an additional 12,225,706 shares during the last quarter. Northern Trust Corp grew its position in shares of Valero Energy by 3.3% during the 4th quarter. Northern Trust Corp now owns 6,386,167 shares of the oil and gas company’s stock valued at $478,771,000 after buying an additional 202,230 shares during the last quarter. Norges Bank bought a new stake in shares of Valero Energy during the 4th quarter valued at about $346,427,000. Morgan Stanley grew its position in shares of Valero Energy by 14.2% during 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 last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of Valero Energy by 10.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,907,240 shares of the oil and gas company’s stock valued at $217,955,000 after buying an additional 270,074 shares during the last quarter. 79.17% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on VLO. Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Raymond James upped their target price on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Credit Suisse Group restated an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. Wolfe Research upgraded shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. Finally, Goldman Sachs Group upgraded shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 target price for the company in a research report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $110.52.
Shares of NYSE:VLO opened at $89.06 on Friday. The company has a market capitalization of $37.27 billion, a PE ratio of 12.11, a P/E/G ratio of 1.73 and a beta of 1.18. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $126.98. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $24.26 billion during the quarter, compared to analyst estimates of $24.38 billion. Valero Energy had a net margin of 2.43% and a return on equity of 12.37%. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. Equities analysts forecast that Valero Energy Co. will post 6.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, May 14th. 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. 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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