Daiwa SB Investments Ltd. increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 28.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,000 shares of the oil and gas company’s stock after purchasing an additional 670 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Valero Energy were worth $332,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. KHP Capital LLC purchased a new position in Valero Energy in the 1st quarter worth approximately $104,000. SWS Partners purchased a new position in Valero Energy in the 4th quarter worth approximately $127,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in Valero Energy in the 1st quarter worth approximately $135,000. Centaurus Financial Inc. purchased a new position in Valero Energy in the 1st quarter worth approximately $150,000. Finally, Bedel Financial Consulting Inc. purchased a new position in Valero Energy in the 1st quarter worth approximately $160,000. 77.39% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Joseph W. Gorder sold 85,493 shares of the firm’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $121.23, for a total transaction of $10,364,316.39. Following the transaction, the insider now directly owns 524,864 shares in the company, valued at $63,629,262.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $121.04, for a total value of $121,040.00. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Credit Suisse Group upped their price target on Valero Energy from $118.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, June 4th. Wells Fargo & Co upped their price target on Valero Energy from $122.00 to $146.00 and gave the stock a “positive” rating in a report on Tuesday, May 29th. Finally, Tudor Pickering upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, May 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. Valero Energy currently has a consensus rating of “Hold” and a consensus target price of $110.29.
Shares of Valero Energy stock traded down $0.48 on Friday, hitting $116.35. 3,308,666 shares of the company’s stock traded hands, compared to its average volume of 2,868,837. The stock has a market cap of $50.15 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.98 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52-week low of $64.22 and a 52-week high of $126.98.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.17. The company had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. Valero Energy had a return on equity of 12.12% and a net margin of 4.21%. The business’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. equities analysts predict that Valero Energy Co. will post 6.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 7th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, August 6th. Valero Energy’s dividend payout ratio (DPR) is currently 64.52%.
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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