Global X Management Co. LLC raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,671 shares of the oil and gas company’s stock after purchasing an additional 682 shares during the period. Global X Management Co. LLC’s holdings in Valero Energy were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in VLO. Mutual of America Capital Management LLC increased its stake in shares of Valero Energy by 1.7% in the 3rd quarter. Mutual of America Capital Management LLC now owns 55,451 shares of the oil and gas company’s stock valued at $4,266,000 after acquiring an additional 942 shares during the last quarter. OLD Second National Bank of Aurora bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $3,591,000. Foster & Motley Inc. increased its stake in shares of Valero Energy by 7.9% in the 3rd quarter. Foster & Motley Inc. now owns 62,481 shares of the oil and gas company’s stock valued at $4,807,000 after acquiring an additional 4,574 shares during the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $2,201,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Valero Energy in the 3rd quarter valued at about $6,047,000. 78.95% of the stock is owned by institutional investors.
A number of brokerages have recently commented on VLO. Bank of America upped their price target on Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Citigroup upped their price target on Valero Energy from $76.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $98.00 price target on shares of Valero Energy in a research note on Monday, January 22nd. Cowen reaffirmed a “buy” rating and issued a $100.00 price target on shares of Valero Energy in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of Valero Energy in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Hold” and an average price target of $90.12.
Shares of Valero Energy Co. (NYSE:VLO) opened at $91.58 on Wednesday. Valero Energy Co. has a 52 week low of $60.69 and a 52 week high of $99.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. The stock has a market capitalization of $40,070.00, a P/E ratio of 19.87, a P/E/G ratio of 1.12 and a beta of 0.99.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The business had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. During the same period in the prior year, the business earned $0.81 EPS. Valero Energy’s revenue for the quarter was up 27.4% compared to the same quarter last year. analysts anticipate that Valero Energy Co. will post 7.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be paid a dividend of $0.80 per share. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, February 12th. Valero Energy’s dividend payout ratio (DPR) is currently 69.41%.
Valero Energy declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 23rd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.
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About Valero Energy
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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