AlphaCrest Capital Management LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,461 shares of the oil and gas company’s stock, valued at approximately $463,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Northwest Bancshares Inc. lifted its stake in Valero Energy by 3.0% during the first quarter. Northwest Bancshares Inc. now owns 3,887 shares of the oil and gas company’s stock worth $330,000 after purchasing an additional 115 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Valero Energy by 9.1% in the first quarter. Valeo Financial Advisors LLC now owns 1,384 shares of the oil and gas company’s stock worth $117,000 after buying an additional 116 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in Valero Energy by 2.3% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,340 shares of the oil and gas company’s stock worth $453,000 after buying an additional 120 shares during the period. RDL Financial Inc. increased its position in Valero Energy by 0.6% in the first quarter. RDL Financial Inc. now owns 24,114 shares of the oil and gas company’s stock worth $2,046,000 after buying an additional 133 shares during the period. Finally, HighPoint Advisor Group LLC increased its position in Valero Energy by 2.8% in the first quarter. HighPoint Advisor Group LLC now owns 4,929 shares of the oil and gas company’s stock worth $415,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 77.00% of the company’s stock.
Several equities research analysts have weighed in on VLO shares. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. Raymond James increased their target price on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and increased their target price 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, four have issued a hold rating and eleven have given a buy rating to the stock. Valero Energy currently has an average rating of “Buy” and a consensus target price of $109.02.
Shares of VLO opened at $76.36 on Wednesday. The firm has a market cap of $32.11 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a one year low of $68.81 and a one year high of $122.42.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.38 billion. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. Sell-side analysts anticipate that Valero Energy Co. will post 6.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Tuesday, May 14th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.
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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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