Ladenburg Thalmann Financial Services Inc. increased its stake in Valero Energy Co. (NYSE:VLO) by 14.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 90,998 shares of the oil and gas company’s stock after purchasing an additional 11,640 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Valero Energy were worth $8,365,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of VLO. Putnam FL Investment Management Co. bought a new stake in Valero Energy in the third quarter valued at $1,910,000. WINTON GROUP Ltd boosted its stake in Valero Energy by 831.0% in the fourth quarter. WINTON GROUP Ltd now owns 116,958 shares of the oil and gas company’s stock worth $10,750,000 after purchasing an additional 104,396 shares in the last quarter. Geode Capital Management LLC boosted its stake in Valero Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after purchasing an additional 72,930 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Valero Energy by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Valero Energy by 45.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,747 shares of the oil and gas company’s stock valued at $19,367,000 after acquiring an additional 78,904 shares during the period. Hedge funds and other institutional investors own 80.89% of the company’s stock.
VLO has been the topic of several research reports. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Credit Suisse Group initiated coverage on Valero Energy in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $91.00 target price on the stock. Citigroup increased their price target on Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Scotiabank restated a “buy” rating and issued a $93.00 price target on shares of Valero Energy in a report on Friday, December 22nd. Finally, Bank of America increased their price objective on Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $93.65.
Shares of VLO traded down $0.68 during midday trading on Friday, hitting $95.18. The company’s stock had a trading volume of 3,432,020 shares, compared to its average volume of 3,258,198. The firm has a market cap of $41,524.25, a price-to-earnings ratio of 19.19, a PEG ratio of 1.12 and a beta of 1.02. Valero Energy Co. has a one year low of $60.69 and a one year high of $99.95. 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 (NYSE:VLO) last issued its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. Valero Energy’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. research analysts forecast that Valero Energy Co. will post 6.95 EPS for the current fiscal year.
Valero Energy declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors 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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