Savior LLC bought a new position in Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 403 shares of the oil and gas company’s stock, valued at approximately $38,000.
Several other large investors have also recently modified their holdings of VLO. Mechanics Bank Trust Department purchased a new position in Valero Energy in the third quarter valued at about $31,000. Allworth Financial LP grew its holdings in shares of Valero Energy by 70.4% in the 4th quarter. Allworth Financial LP now owns 334 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 138 shares during the period. Stonebridge Capital Advisors LLC purchased a new position in Valero Energy in the 2nd quarter valued at approximately $32,000. Northwest Investment Counselors LLC purchased a new position in shares of Valero Energy in the third quarter valued at $33,000. Finally, Griffin Asset Management Inc. acquired a new stake in Valero Energy in the 2nd quarter valued at about $34,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.
VLO has been the topic of a number of recent research reports. Royal Bank of Canada set a $99.00 target price on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Co boosted their price objective on shares of Valero Energy from $108.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Goldman Sachs Group set a $104.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on Valero Energy from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Finally, ValuEngine raised shares of Valero Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. Valero Energy has an average rating of “Buy” and a consensus target price of $105.75.
VLO stock opened at $89.51 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.88. Valero Energy Co. has a 1-year low of $69.44 and a 1-year high of $101.99. The firm has a fifty day moving average price of $93.56 and a two-hundred day moving average price of $88.44. The firm has a market cap of $36.80 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.18 and a beta of 1.46.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. The company had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. During the same period last year, the firm posted $2.01 EPS. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, analysts expect that Valero Energy Co. will post 4.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 12th will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Valero Energy’s previous quarterly dividend of $0.90. Valero Energy’s dividend payout ratio is currently 48.85%.
Valero Energy Company 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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