Tredje AP fonden cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 11.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 30,223 shares of the oil and gas company’s stock after selling 3,997 shares during the quarter. Tredje AP fonden’s holdings in Valero Energy were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Marshall Wace LLP acquired a new stake in shares of Valero Energy in the first quarter worth $90,000. Janney Montgomery Scott LLC boosted its holdings in Valero Energy by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 65,003 shares of the oil and gas company’s stock valued at $6,088,000 after purchasing an additional 820 shares during the last quarter. Wealthfront Advisers LLC grew its position in Valero Energy by 84.7% during the 4th quarter. Wealthfront Advisers LLC now owns 15,346 shares of the oil and gas company’s stock worth $1,437,000 after purchasing an additional 7,037 shares during the period. Savior LLC purchased a new position in shares of Valero Energy during the 4th quarter valued at about $38,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at about $732,000. Institutional investors and hedge funds own 78.51% of the company’s stock.
In other news, Director Randall J. Weisenburger acquired 45,000 shares of Valero Energy stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $47.31 per share, with a total value of $2,128,950.00. Following the purchase, the director now owns 100,274 shares in the company, valued at $4,743,962.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is currently owned by insiders.
VLO has been the subject of several recent research reports. Raymond James lifted their price target on Valero Energy from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Wells Fargo & Co lifted their target price on shares of Valero Energy from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Credit Suisse Group raised their price target on shares of Valero Energy from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Mizuho upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, May 4th. Finally, Jefferies Financial Group cut Valero Energy from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.50.
Shares of VLO traded down $0.05 during mid-day trading on Friday, hitting $65.68. 3,506,476 shares of the company were exchanged, compared to its average volume of 5,087,627. The stock has a market cap of $26.80 billion, a price-to-earnings ratio of 12.04 and a beta of 1.96. Valero Energy Co. has a 1-year low of $31.00 and a 1-year high of $101.99. The company has a 50 day moving average of $54.99 and a 200-day moving average of $76.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 1.31.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.49. Valero Energy had a return on equity of 10.51% and a net margin of 0.41%. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.22 billion. During the same period in the previous year, the business earned $0.34 EPS. Valero Energy’s quarterly revenue was down 8.9% on a year-over-year basis. Research analysts anticipate that Valero Energy Co. will post -1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Thursday, May 14th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date is Wednesday, May 13th. Valero Energy’s dividend payout ratio is presently 68.77%.
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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