Penserra Capital Management LLC increased its stake in Valero Energy Co. (NYSE:VLO) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,232 shares of the oil and gas company’s stock after acquiring an additional 748 shares during the period. Penserra Capital Management LLC’s holdings in Valero Energy were worth $479,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Valero Energy by 211.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 799 shares in the last quarter. Willingdon Wealth Management bought a new position in shares of Valero Energy in the third quarter valued at approximately $100,000. Cable Hill Partners LLC boosted its holdings in shares of Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its holdings in shares of Valero Energy by 2,272.1% in the third 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 acquiring an additional 1,386 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Valero Energy in the fourth quarter valued at approximately $135,000. Institutional investors and hedge funds own 81.03% of the company’s stock.
Shares of Valero Energy Co. (VLO) opened at $89.48 on Wednesday. Valero Energy Co. has a one year low of $60.69 and a one year high of $99.95. The company has a market cap of $39,150.00, a P/E ratio of 19.41, a P/E/G ratio of 1.10 and a beta of 0.99. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The business’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. equities analysts predict that Valero Energy Co. will post 7.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Monday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio is 69.41%.
Valero Energy announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
Several research analysts have recently issued reports on VLO shares. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays increased their price objective on shares of Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Credit Suisse Group initiated coverage on shares of Valero Energy in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $91.00 price objective for the company. Citigroup increased their target price on shares of Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $89.06.
In related news, CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares in the company, valued at approximately $5,120,237.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total transaction of $87,230.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 298,187 shares of company stock valued at $27,611,828. 0.45% of the stock is owned by insiders.
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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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