San Francisco Sentry Investment Group CA grew its position in Valero Energy Co. (NYSE:VLO) by 12.1% during the second quarter, HoldingsChannel.com reports. The firm owned 4,677 shares of the oil and gas company’s stock after buying an additional 505 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Valero Energy were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. grew its stake in shares of Valero Energy by 0.7% in the second quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock worth $6,557,000 after acquiring an additional 434 shares during the last quarter. Mariner LLC grew its stake 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 worth $4,451,000 after acquiring an additional 435 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of Valero Energy by 5.1% in the second quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock worth $1,003,000 after acquiring an additional 436 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake 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 worth $178,000 after acquiring an additional 455 shares during the last quarter. Finally, Sigma Planning Corp grew its stake in shares of Valero Energy by 4.7% in the second quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock worth $1,120,000 after acquiring an additional 457 shares during the last quarter. 77.51% of the stock is currently owned by institutional investors.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $121.04, for a total transaction of $121,040.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph W. Gorder sold 85,493 shares of Valero Energy stock in a transaction on Monday, May 21st. The stock was sold at an average price of $121.23, for a total transaction of $10,364,316.39. Following the sale, the insider now owns 524,864 shares in the company, valued at approximately $63,629,262.72. The disclosure for this sale can be found here. Insiders have sold 87,493 shares of company stock worth $10,602,116 in the last quarter. Corporate insiders own 0.45% of the company’s stock.
VLO opened at $115.37 on Friday. 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 debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.67. The firm has a market cap of $49.21 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm had revenue of $31.02 billion for the quarter, compared to the consensus estimate of $26.56 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The business’s revenue was up 39.4% compared to the same quarter last year. sell-side analysts anticipate that Valero Energy Co. will post 6.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 7th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, August 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.77%. Valero Energy’s dividend payout ratio is currently 64.52%.
Several equities research analysts have recently issued reports on VLO shares. Wells Fargo & Co raised their price objective on shares of Valero Energy from $122.00 to $146.00 and gave the stock a “positive” rating in a research note on Tuesday, May 29th. Morgan Stanley raised their price objective on shares of Valero Energy from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, April 16th. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Cowen raised their price objective on shares of Valero Energy from $100.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $113.00 price objective on shares of Valero Energy in a research note on Tuesday, April 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Hold” and an average price target of $113.33.
Valero Energy 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.
Further Reading: Price to Earnings Ratio (PE) Basics
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