SWS Partners purchased a new stake in Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,385 shares of the oil and gas company’s stock, valued at approximately $127,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Willingdon Wealth Management acquired a new stake in Valero Energy in the 3rd quarter valued at $100,000. Independence Bank of Kentucky acquired a new stake in Valero Energy in the 4th quarter valued at $102,000. Parkside Financial Bank & Trust increased its holdings in Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 799 shares in the last quarter. San Francisco Sentry Investment Group CA increased its holdings in Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Valero Energy in the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 80.88% of the company’s stock.
VLO stock opened at $94.47 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74. Valero Energy Co. has a 12-month low of $60.69 and a 12-month high of $99.95. The company has a market cap of $40,259.38, a PE ratio of 10.22, a PEG ratio of 1.05 and a beta of 1.03.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The business had revenue of $26.39 billion for the quarter, compared to analysts’ expectations of $23.02 billion. During the same quarter last year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. research analysts forecast that Valero Energy Co. will post 7.14 EPS for the current fiscal year.
Valero Energy declared that its Board of Directors has approved a stock repurchase program on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.80 per share. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.39%. Valero Energy’s dividend payout ratio (DPR) is presently 34.63%.
In other news, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the transaction, the chief financial officer now owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.
Several brokerages recently issued reports on VLO. Citigroup increased their price target on Valero Energy from $76.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Bank of America raised their target price on Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Piper Jaffray Companies restated a “hold” rating and set a $98.00 target price on shares of Valero Energy in a research note on Monday, January 22nd. Cowen restated a “buy” rating and set a $100.00 target price on shares of Valero Energy in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $105.00 target price (up from $99.00) on shares of Valero Energy in a research note on Tuesday, March 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $93.65.
Valero Energy Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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