National Asset Management Inc. lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 32.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,352 shares of the oil and gas company’s stock after selling 2,606 shares during the quarter. National Asset Management Inc.’s holdings in Valero Energy were worth $455,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VLO. Sontag Advisory LLC acquired a new stake in Valero Energy during the fourth quarter valued at approximately $25,000. Athena Capital Advisors LLC acquired a new stake in Valero Energy during the fourth quarter valued at approximately $28,000. Strategic Wealth Partners Ltd. raised its stake in Valero Energy by 876.2% during the fourth 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 in the last quarter. JNBA Financial Advisors raised its stake in Valero Energy by 126.0% during the fourth 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 in the last quarter. Finally, PRW Wealth Management LLC acquired a new stake in Valero Energy during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 77.69% of the company’s stock.
VLO has been the topic of several research reports. Goldman Sachs Group upgraded Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Friday, January 25th. Standpoint Research cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Wolfe Research upgraded Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. Raymond James increased their price target on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. upgraded Valero Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $102.00 to $105.00 in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $107.82.
Shares of Valero Energy stock opened at $76.22 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.43. The company has a market cap of $31.80 billion, a PE ratio of 10.34, a P/E/G ratio of 1.59 and a beta of 1.18. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $126.98.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The business had revenue of $24.26 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, research analysts expect that Valero Energy Co. will post 6.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Tuesday, May 14th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.
COPYRIGHT VIOLATION NOTICE: “National Asset Management Inc. Cuts Holdings in Valero Energy Co. (VLO)” was first reported by Enterprise Leader and is owned by of Enterprise Leader. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://theenterpriseleader.com/2019/05/25/national-asset-management-inc-cuts-holdings-in-valero-energy-co-vlo.html.
Valero Energy Profile
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.
Read More: Marijuana Stocks Investing Considerations
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.