Northpointe Capital LLC raised its position in Valero Energy Co. (NYSE:VLO) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,574 shares of the oil and gas company’s stock after buying an additional 4,238 shares during the period. Valero Energy accounts for 1.5% of Northpointe Capital LLC’s investment portfolio, making the stock its 19th biggest holding. Northpointe Capital LLC’s holdings in Valero Energy were worth $4,714,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Sontag Advisory LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $25,000. Athena Capital Advisors LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $28,000. Strategic Wealth Partners Ltd. increased its stake in Valero Energy by 876.2% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 368 shares during the last quarter. JNBA Financial Advisors increased its stake in Valero Energy by 126.0% in the 4th quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. Finally, PRW Wealth Management LLC bought a new position in shares of Valero Energy during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 79.22% of the company’s stock.
VLO traded up $0.96 on Wednesday, hitting $89.28. The company’s stock had a trading volume of 1,049,673 shares, compared to its average volume of 3,138,178. The company has a market cap of $37.27 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $126.98. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $1.09. The company had revenue of $28.73 billion during the quarter, compared to the consensus estimate of $23.26 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. Research analysts forecast that Valero Energy Co. will post 6.89 earnings per share for the current fiscal year.
In other Valero Energy news, Director Stephen M. Waters acquired 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was bought at an average cost of $84.97 per share, with a total value of $42,485.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.38% of the stock is currently owned by company insiders.
A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday. Credit Suisse Group reissued an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. Wolfe Research raised shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Argus set a $110.00 target price on shares of Valero Energy and gave the company a “buy” rating in a research report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $113.32.
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About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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