Nicholas Hoffman & Company LLC. boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 63.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,301 shares of the oil and gas company’s stock after buying an additional 2,050 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Valero Energy were worth $240,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VLO. Red Door Wealth Management LLC acquired a new stake in Valero Energy during the 1st quarter worth about $25,000. Allworth Financial LP raised its holdings in Valero Energy by 70.4% during the 1st quarter. Allworth Financial LP now owns 569 shares of the oil and gas company’s stock worth $26,000 after buying an additional 235 shares during the period. Ballast Advisors LLC acquired a new stake in Valero Energy during the 1st quarter worth about $29,000. Sugarloaf Wealth Management LLC acquired a new stake in Valero Energy during the 4th quarter worth about $33,000. Finally, Raab & Moskowitz Asset Management LLC acquired a new stake in Valero Energy during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.
In other news, Director Randall J. Weisenburger acquired 45,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average price of $47.31 per share, for a total transaction of $2,128,950.00. Following the completion of the acquisition, the director now owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.
NYSE:VLO traded down $0.05 during mid-day trading on Friday, reaching $65.68. The stock had a trading volume of 3,506,476 shares, compared to its average volume of 5,087,627. The business’s 50 day moving average is $54.99 and its 200 day moving average is $76.01. Valero Energy Co. has a fifty-two week low of $31.00 and a fifty-two week high of $101.99. The stock has a market cap of $26.80 billion, a P/E ratio of 12.04 and a beta of 1.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.31 and a quick ratio of 0.89.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.49. Valero Energy had a return on equity of 10.51% and a net margin of 0.41%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.22 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was down 8.9% on a year-over-year basis. Equities analysts expect that Valero Energy Co. will post -1.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Thursday, May 14th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.92 dividend on an annualized basis and a yield of 5.97%. Valero Energy’s dividend payout ratio is currently 68.77%.
Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Valero Energy from $101.00 to $93.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Mizuho upgraded Valero Energy from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, May 4th. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a report on Tuesday, March 10th. Wells Fargo & Co upped their target price on Valero Energy from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Credit Suisse Group upped their target price on Valero Energy from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $79.50.
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.
See Also: Cost of Equity For A Business, Investors
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