Altavista Wealth Management Inc. increased its position in shares of Valero Energy Co. (NYSE:VLO) by 4.1% during the first quarter, HoldingsChannel.com reports. The firm owned 34,525 shares of the oil and gas company’s stock after buying an additional 1,372 shares during the period. Altavista Wealth Management Inc.’s holdings in Valero Energy were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. Thrivent Financial for Lutherans grew its position in Valero Energy by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock valued at $1,412,000 after acquiring an additional 332 shares during the period. First Mercantile Trust Co. grew its position in Valero Energy by 615.9% in the first quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock valued at $474,000 after acquiring an additional 4,804 shares during the period. First National Trust Co grew its position in Valero Energy by 4.4% in the first quarter. First National Trust Co now owns 107,196 shares of the oil and gas company’s stock valued at $9,093,000 after acquiring an additional 4,492 shares during the period. Westchester Capital Management Inc. grew its position in Valero Energy by 1.7% in the first quarter. Westchester Capital Management Inc. now owns 93,185 shares of the oil and gas company’s stock valued at $7,905,000 after acquiring an additional 1,515 shares during the period. Finally, Financial Sense Advisors Inc. bought a new stake in Valero Energy in the first quarter valued at $694,000. Institutional investors and hedge funds own 77.00% of the company’s stock.
Valero Energy stock opened at $77.26 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $31.86 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $122.42.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.38 billion. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The business’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Research analysts anticipate that Valero Energy Co. will post 6.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Tuesday, May 14th. Valero Energy’s dividend payout ratio is currently 48.85%.
A number of analysts have weighed in on VLO shares. Morgan Stanley upped their price target on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $102.00 to $105.00 in a research note on Tuesday, May 14th. Finally, Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Valero Energy presently has an average rating of “Buy” and an average target price of $109.02.
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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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