Savant Capital LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 8,033 shares of the oil and gas company’s stock after selling 349 shares during the period. Savant Capital LLC’s holdings in Valero Energy were worth $602,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strategic Wealth Partners Ltd. increased its holdings 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 acquiring an additional 368 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new stake in Valero Energy in the 4th quarter valued at about $46,000. Baystate Wealth Management LLC lifted its position in shares of Valero Energy by 51.4% in the 4th quarter. Baystate Wealth Management LLC now owns 642 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 218 shares during the period. First Mercantile Trust Co. lifted its position in Valero Energy by 66.0% during the fourth quarter. First Mercantile Trust Co. now owns 780 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 310 shares during the last quarter. Finally, We Are One Seven LLC purchased a new stake in Valero Energy during the fourth quarter valued at approximately $63,000. 80.90% of the stock is owned by institutional investors.
In other news, Director Randall J. Weisenburger purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the acquisition, the director now owns 53,717 shares of the company’s stock, valued at approximately $3,907,374.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.
A number of research firms recently commented on VLO. Citigroup decreased their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, October 16th. Goldman Sachs Group lowered shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Credit Suisse Group upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and cut their price target for the company from $135.00 to $120.00 in a research note on Thursday, November 1st. Morgan Stanley cut their price target on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Raymond James cut their price target on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy has an average rating of “Buy” and an average price target of $112.01.
NYSE:VLO opened at $84.14 on Monday. The firm has a market capitalization of $35.70 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $126.98. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.60%. The firm had revenue of $28.73 billion for the quarter, compared to the consensus estimate of $23.26 billion. Research analysts predict that Valero Energy Co. will post 7.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Wednesday, February 13th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 4.28%. Valero Energy’s dividend payout ratio is 43.42%.
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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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