Everence Capital Management Inc. acquired a new stake in Valero Energy Co. (NYSE:VLO) during the first quarter, HoldingsChannel reports. The fund acquired 38,570 shares of the oil and gas company’s stock, valued at approximately $2,762,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC raised its holdings in Valero Energy by 4.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 51,617 shares of the oil and gas company’s stock worth $2,920,000 after purchasing an additional 2,429 shares during the period. Meritage Portfolio Management acquired a new stake in Valero Energy in the fourth quarter worth $2,038,000. IBM Retirement Fund raised its holdings in Valero Energy by 4.1% in the fourth quarter. IBM Retirement Fund now owns 15,104 shares of the oil and gas company’s stock worth $854,000 after purchasing an additional 588 shares during the period. Consolidated Investment Group LLC raised its holdings in Valero Energy by 164.7% in the fourth quarter. Consolidated Investment Group LLC now owns 22,500 shares of the oil and gas company’s stock worth $1,272,000 after purchasing an additional 14,000 shares during the period. Finally, Wealth Advisory Solutions LLC raised its holdings in Valero Energy by 170.1% in the third quarter. Wealth Advisory Solutions LLC now owns 109,963 shares of the oil and gas company’s stock worth $4,763,000 after purchasing an additional 69,258 shares during the period. Institutional investors own 74.57% of the company’s stock.
Shares of Valero Energy stock traded down $1.03 during trading on Thursday, reaching $73.38. The company’s stock had a trading volume of 93,287 shares, compared to its average volume of 4,031,034. The firm has a market cap of $29.98 billion, a PE ratio of -2,479.51, a P/E/G ratio of 84.85 and a beta of 2.14. The business’s 50-day moving average price is $75.49 and its 200-day moving average price is $57.91. Valero Energy Co. has a 52 week low of $35.44 and a 52 week high of $84.39. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.73.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 28th. The oil and gas company reported ($1.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.48) by $0.42. The company had revenue of $16.60 billion during the quarter, compared to analyst estimates of $13.87 billion. The firm’s revenue for the quarter was down 40.4% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. Equities analysts predict that Valero Energy Co. will post -3.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 4th. Investors of record on Thursday, February 11th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Wednesday, February 10th. Valero Energy’s dividend payout ratio (DPR) is presently 68.77%.
Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of Valero Energy from $69.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, March 8th. Zacks Investment Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $81.00 price objective on the stock. in a report on Wednesday, March 3rd. Mizuho raised their price objective on shares of Valero Energy from $50.00 to $86.00 and gave the stock a “buy” rating in a report on Friday, February 26th. Wells Fargo & Company raised their price objective on shares of Valero Energy from $70.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, February 25th. Finally, Raymond James raised their price objective on shares of Valero Energy from $69.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, March 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Valero Energy presently has an average rating of “Buy” and a consensus price target of $77.25.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.
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