Crestline Management LP Invests $585,000 in Valero Energy Co. (NYSE:VLO)

Crestline Management LP bought a new stake in Valero Energy Co. (NYSE:VLO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,769 shares of the oil and gas company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. World Investment Advisors grew its position in shares of Valero Energy by 1.8% during the fourth quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock worth $530,000 after buying an additional 78 shares in the last quarter. Segment Wealth Management LLC increased its position in shares of Valero Energy by 1.7% in the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock valued at $606,000 after purchasing an additional 81 shares during the last quarter. Silver Coast Investments LLC raised its holdings in shares of Valero Energy by 1.7% in the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after purchasing an additional 83 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its stake in shares of Valero Energy by 2.0% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock worth $575,000 after purchasing an additional 90 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in Valero Energy by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 94 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Up 1.0 %

NYSE VLO opened at $122.97 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $38.51 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.93 and a beta of 0.98. Valero Energy Co. has a 52-week low of $99.00 and a 52-week high of $167.78. The firm has a 50-day moving average price of $120.15 and a 200 day moving average price of $128.47.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same period in the prior year, the business earned $3.82 earnings per share. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.68%. Valero Energy’s dividend payout ratio (DPR) is presently 159.72%.

Analyst Ratings Changes

VLO has been the subject of several analyst reports. UBS Group lowered their price objective on Valero Energy from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 28th. TD Cowen lowered their price target on Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a report on Friday, April 25th. The Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and boosted their target price for the company from $115.00 to $127.00 in a report on Monday, April 28th. Morgan Stanley dropped their price target on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Scotiabank reduced their price objective on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.53.

Valero Energy Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.