Atlantic Trust Group LLC lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 54.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,948 shares of the oil and gas company’s stock after selling 22,256 shares during the quarter. Atlantic Trust Group LLC’s holdings in Valero Energy were worth $1,758,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Mariner LLC increased its holdings in shares of Valero Energy by 0.9% in the first quarter. Mariner LLC now owns 47,978 shares of the oil and gas company’s stock valued at $4,451,000 after purchasing an additional 435 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Valero Energy by 31.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,923 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 455 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of Valero Energy by 2.3% in the first quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock valued at $1,886,000 after purchasing an additional 458 shares during the last quarter. Compagnie Lombard Odier SCmA increased its holdings in shares of Valero Energy by 30.7% in the first quarter. Compagnie Lombard Odier SCmA now owns 1,967 shares of the oil and gas company’s stock valued at $183,000 after purchasing an additional 462 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Valero Energy by 2.6% in the first quarter. Thrivent Financial for Lutherans now owns 18,261 shares of the oil and gas company’s stock valued at $1,694,000 after purchasing an additional 464 shares during the last quarter. 77.66% of the stock is owned by institutional investors and hedge funds.
In other news, 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 transaction of $121,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $10,364,316.39. Following the transaction, the insider now owns 524,864 shares of the company’s stock, valued at $63,629,262.72. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
Several research firms recently commented on VLO. Credit Suisse Group increased their price target on Valero Energy from $118.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Wells Fargo & Co increased their price target on Valero Energy from $122.00 to $146.00 and gave the company a “positive” rating in a report on Tuesday, May 29th. Tudor Pickering raised Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, May 18th. Morgan Stanley raised Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $114.99 to $110.00 in a report on Thursday, May 17th. Finally, Edward Jones raised Valero Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $108.65.
Shares of Valero Energy stock opened at $109.52 on Thursday. The company has a market capitalization of $47.09 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. Valero Energy Co. has a fifty-two week low of $64.22 and a fifty-two week high of $126.98. 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 (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 26th. The oil and gas company reported $1.00 earnings per share for the quarter, topping the 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 company had revenue of $264.90 million during the quarter, compared to analyst estimates of $23.35 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was down 98.8% compared to the same quarter last year. equities research analysts predict that Valero Energy Co. will post 7.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 5th. Stockholders of record on Thursday, May 17th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, May 16th. This represents a $3.20 annualized dividend and a dividend yield of 2.92%. Valero Energy’s dividend payout ratio is currently 64.52%.
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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