Strategic Wealth Partners Ltd. raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 118.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,214 shares of the oil and gas company’s stock after buying an additional 659 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Valero Energy were worth $103,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Lee Financial Group Hawaii Inc. increased its position in shares of Valero Energy by 0.8% during the second quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock valued at $4,152,000 after purchasing an additional 382 shares during the period. Thomasville National Bank bought a new stake in shares of Valero Energy during the second quarter valued at approximately $1,606,000. First Mercantile Trust Co. increased its position in shares of Valero Energy by 615.9% during the first quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock valued at $474,000 after purchasing an additional 4,804 shares during the period. Allen Capital Group LLC increased its position in shares of Valero Energy by 11.6% during the second quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock valued at $793,000 after purchasing an additional 962 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of Valero Energy during the first quarter valued at approximately $2,706,000. Institutional investors own 78.80% of the company’s stock.
A number of analysts have recently issued reports on VLO shares. Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $96.00 to $92.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. upgraded Valero Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $102.00 to $105.00 in a research report on Tuesday, May 14th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Wells Fargo & Co set a $107.00 price objective on Valero Energy and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada set a $98.00 price objective on Valero Energy and gave the company a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $105.47.
NYSE:VLO traded down $3.24 during trading hours on Friday, reaching $74.18. The company had a trading volume of 2,995,818 shares, compared to its average volume of 3,231,152. The stock has a 50-day moving average of $81.37 and a two-hundred day moving average of $82.68. Valero Energy Co. has a one year low of $68.81 and a one year high of $122.42. The firm has a market capitalization of $32.08 billion, a PE ratio of 10.07, a PEG ratio of 1.86 and a beta of 1.48. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. As a group, sell-side analysts expect that Valero Energy Co. will post 5.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.
About Valero Energy
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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