IFG Advisory LLC purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,720 shares of the oil and gas company’s stock, valued at approximately $278,000.
Several other hedge funds have also recently made changes to their positions in VLO. Trust Co. of Vermont lifted its position in Valero Energy by 70.4% in the second quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 600 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in Valero Energy by 11.7% in the second quarter. Xact Kapitalforvaltning AB now owns 55,345 shares of the oil and gas company’s stock valued at $6,134,000 after buying an additional 5,781 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in Valero Energy by 1.9% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 41,340 shares of the oil and gas company’s stock valued at $4,582,000 after buying an additional 765 shares during the last quarter. Legacy Private Trust Co. lifted its position in Valero Energy by 94.5% in the second quarter. Legacy Private Trust Co. now owns 12,605 shares of the oil and gas company’s stock valued at $1,397,000 after buying an additional 6,125 shares during the last quarter. Finally, Atria Investments LLC lifted its position in Valero Energy by 30.4% in the second quarter. Atria Investments LLC now owns 28,424 shares of the oil and gas company’s stock valued at $3,150,000 after buying an additional 6,628 shares during the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:VLO opened at $87.58 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.59. The stock has a market cap of $37.91 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.73 and a beta of 1.15. Valero Energy Co. has a 1 year low of $80.00 and a 1 year high of $126.98.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Analysts anticipate that Valero Energy Co. will post 6.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.65%. Valero Energy’s payout ratio is 64.52%.
A number of research analysts have commented on VLO shares. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley boosted their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Mizuho assumed coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Valero Energy has an average rating of “Hold” and an average target price of $115.82.
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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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