Usca Ria LLC raised its holdings in Valero Energy (NYSE:VLO) by 37.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,229 shares of the oil and gas company’s stock after buying an additional 23,965 shares during the quarter. Valero Energy accounts for about 0.9% of Usca Ria LLC’s investment portfolio, making the stock its 22nd largest position. Usca Ria LLC’s holdings in Valero Energy were worth $8,185,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VLO. Harvest Fund Management Co. Ltd grew its holdings in shares of Valero Energy by 31.0% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,923 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 455 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Valero Energy by 2.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 18,261 shares of the oil and gas company’s stock worth $1,694,000 after purchasing an additional 464 shares in the last quarter. Allen Capital Group LLC grew its holdings in shares of Valero Energy by 6.0% during the 1st quarter. Allen Capital Group LLC now owns 8,615 shares of the oil and gas company’s stock worth $799,000 after purchasing an additional 488 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Valero Energy by 1.3% during the 1st quarter. Johnson Financial Group Inc. now owns 40,549 shares of the oil and gas company’s stock worth $3,761,000 after purchasing an additional 502 shares in the last quarter. Finally, Essex Financial Services Inc. grew its holdings in shares of Valero Energy by 10.0% during the 1st quarter. Essex Financial Services Inc. now owns 5,558 shares of the oil and gas company’s stock worth $516,000 after purchasing an additional 505 shares in the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Valero Energy opened at $120.56 on Friday, according to Marketbeat.com. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 0.35. Valero Energy has a 52-week low of $60.69 and a 52-week high of $121.04. The firm has a market capitalization of $51.60 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 26th. The oil and gas company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.07. Valero Energy had a return on equity of 10.61% and a net margin of 4.29%. The firm had revenue of $264.90 million during the quarter, compared to the consensus estimate of $23.35 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter was down 98.8% compared to the same quarter last year. equities research analysts forecast that Valero Energy will post 7.23 earnings per share for the current year.
Valero Energy declared that its Board of Directors has initiated a stock buyback plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Thursday, May 17th will be given a $0.80 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $3.20 annualized dividend and a yield of 2.65%. Valero Energy’s payout ratio is 64.52%.
VLO has been the topic of several recent research reports. Citigroup raised Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Wednesday, February 14th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Cowen reissued a “buy” rating and set a $100.00 price objective on shares of Valero Energy in a report on Thursday, February 1st. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price objective on shares of Valero Energy in a report on Tuesday, January 30th. Finally, Bank of America raised their target price on Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $104.18.
Valero Energy Company Profile
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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