Great Lakes Advisors LLC increased its stake in Valero Energy (NYSE:VLO) by 9.1% in the first quarter, Holdings Channel reports. The institutional investor owned 35,798 shares of the oil and gas company’s stock after acquiring an additional 2,975 shares during the quarter. Great Lakes Advisors LLC’s holdings in Valero Energy were worth $3,321,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Independence Bank of Kentucky bought a new stake in shares of Valero Energy in the fourth quarter worth $102,000. KHP Capital LLC bought a new stake in shares of Valero Energy in the first quarter worth $104,000. Parkside Financial Bank & Trust increased its stake 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 worth $108,000 after buying an additional 799 shares during the last quarter. SWS Partners bought a new stake in shares of Valero Energy in the fourth quarter worth $127,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Valero Energy in the fourth quarter worth $135,000. Institutional investors and hedge funds own 80.68% of the company’s stock.
A number of brokerages recently issued reports on VLO. Edward Jones upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 10th. Argus lifted their price target on shares of Valero Energy to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 10th. Barclays lifted their price target on shares of Valero Energy from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, April 27th. Credit Suisse Group lifted their price target on shares of Valero Energy from $102.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, April 30th. Finally, Piper Jaffray restated a “hold” rating and issued a $113.00 price target on shares of Valero Energy in a research note on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $102.44.
Valero Energy stock opened at $115.87 on Tuesday. The stock has a market cap of $49.41 billion, a PE ratio of 23.36, a PEG ratio of 1.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.70 and a quick ratio of 1.09. Valero Energy has a one year low of $115.00 and a one year high of $116.18.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 26th. The oil and gas company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.93 by $0.07. The business had revenue of $264.90 million during the quarter, compared to analyst estimates of $23.35 billion. Valero Energy had a net margin of 4.29% and a return on equity of 10.61%. The company’s quarterly revenue was down 98.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. equities research analysts predict that Valero Energy will post 7.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, May 16th. This represents a $3.20 annualized dividend and a dividend yield of 2.76%. Valero Energy’s dividend payout ratio is currently 64.52%.
Valero Energy declared that its board has approved a stock repurchase program on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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