Nicholas Hoffman & Company LLC. grew its holdings in Valero Energy Co. (NYSE:VLO) by 63.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,301 shares of the oil and gas company’s stock after buying an additional 2,050 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Valero Energy were worth $240,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. National Asset Management Inc. increased its stake in shares of Valero Energy by 62.0% in the first quarter. National Asset Management Inc. now owns 21,254 shares of the oil and gas company’s stock valued at $964,000 after buying an additional 8,131 shares in the last quarter. Royal Fund Management LLC acquired a new stake in Valero Energy in the first quarter worth about $2,684,000. RR Advisors LLC increased its position in Valero Energy by 2.7% in the first quarter. RR Advisors LLC now owns 38,000 shares of the oil and gas company’s stock worth $1,745,000 after purchasing an additional 1,000 shares during the period. NewSquare Capital LLC increased its position in Valero Energy by 2.2% in the first quarter. NewSquare Capital LLC now owns 27,684 shares of the oil and gas company’s stock worth $1,256,000 after purchasing an additional 585 shares during the period. Finally, AGF Investments Inc. increased its position in Valero Energy by 106.7% in the first quarter. AGF Investments Inc. now owns 20,438 shares of the oil and gas company’s stock worth $927,000 after purchasing an additional 10,550 shares during the period. Institutional investors own 78.51% of the company’s stock.
A number of brokerages recently commented on VLO. Barclays reiterated a “buy” rating and issued a $71.00 price objective on shares of Valero Energy in a research report on Tuesday, May 5th. Wells Fargo & Co lifted their price objective on Valero Energy from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Cfra lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. lowered their price objective on Valero Energy from $101.00 to $93.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $102.00 price objective on shares of Valero Energy in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Valero Energy presently has an average rating of “Buy” and an average price target of $79.50.
VLO traded down $0.05 during midday trading on Friday, reaching $65.68. 3,506,476 shares of the company were exchanged, compared to its average volume of 5,087,627. Valero Energy Co. has a one year low of $31.00 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 1.31. The stock has a market capitalization of $26.80 billion, a P/E ratio of 12.04 and a beta of 1.96. The stock’s 50-day simple moving average is $54.99 and its 200 day simple moving average is $76.01.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.34 earnings per share for the quarter, beating 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 business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.22 billion. During the same quarter in the previous year, the business posted $0.34 EPS. Valero Energy’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, research analysts anticipate that Valero Energy Co. will post -1.48 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Wednesday, May 13th. Valero Energy’s dividend payout ratio (DPR) is presently 68.77%.
In other Valero Energy news, Director Randall J. Weisenburger acquired 45,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average price of $47.31 per share, for a total transaction of $2,128,950.00. Following the acquisition, the director now directly owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company’s stock.
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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