Ontario Teachers Pension Plan Board decreased its position in Valero Energy Co. (NYSE:VLO) by 38.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,865 shares of the oil and gas company’s stock after selling 11,198 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Valero Energy were worth $810,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLO. Marshall Wace LLP purchased a new stake in Valero Energy in the first quarter valued at approximately $90,000. Janney Montgomery Scott LLC raised its position 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 period. Wealthfront Advisers LLC raised its position in Valero Energy by 84.7% in the fourth quarter. Wealthfront Advisers LLC now owns 15,346 shares of the oil and gas company’s stock valued at $1,437,000 after purchasing an additional 7,037 shares during the period. Savior LLC purchased a new stake in Valero Energy in the fourth quarter valued at approximately $38,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Valero Energy in the fourth quarter valued at approximately $732,000. 78.51% of the stock is currently owned by institutional investors.
NYSE:VLO opened at $65.68 on Friday. The firm has a market capitalization of $26.80 billion, a PE ratio of 12.04 and a beta of 1.96. The business’s fifty day moving average price is $54.99 and its 200 day moving average price is $76.01. 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 Co. has a 12 month low of $31.00 and a 12 month high of $101.99.
Valero Energy (NYSE:VLO) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.34 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.49. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.22 billion. Valero Energy had a return on equity of 10.51% and a net margin of 0.41%. Valero Energy’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. As a group, equities analysts anticipate that Valero Energy Co. will post -1.48 EPS for the current year.
The firm also recently announced 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. This represents a $3.92 annualized dividend and a 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 bought 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, with a total value of $2,128,950.00. Following the completion of the acquisition, the director now directly owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
A number of analysts have issued reports on VLO shares. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Raymond James boosted their target price 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 upped 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. Barclays reaffirmed a “buy” rating and set a $71.00 price objective on shares of Valero Energy in a research report on Tuesday, May 5th. Finally, Credit Suisse Group upped their price objective on Valero Energy from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Valero Energy presently has a consensus rating of “Buy” and a consensus target price 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.
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