Hellman Jordan Management Co. Inc. MA grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,219 shares of the oil and gas company’s stock after purchasing an additional 1,699 shares during the quarter. Valero Energy comprises about 1.0% of Hellman Jordan Management Co. Inc. MA’s investment portfolio, making the stock its 20th biggest position. Hellman Jordan Management Co. Inc. MA’s holdings in Valero Energy were worth $1,461,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Advisory Alpha LLC bought a new position in shares of Valero Energy during the 1st quarter valued at $27,000. Sontag Advisory LLC bought a new position in shares of Valero Energy during the 4th quarter valued at $25,000. Athena Capital Advisors LLC bought a new position in shares of Valero Energy during the 4th quarter valued at $28,000. Covenant Multifamily Offices LLC bought a new position in shares of Valero Energy during the 1st quarter valued at $36,000. Finally, JNBA Financial Advisors grew its stake in Valero Energy by 126.0% in the 4th quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.
NYSE VLO traded down $0.50 during midday trading on Friday, hitting $76.76. The company had a trading volume of 2,084,175 shares, compared to its average volume of 3,316,474. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.43 and a quick ratio of 0.92. The firm has a market capitalization of $32.03 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 1.49 and a beta of 1.34. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $122.42.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.38 billion. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the business posted $1.00 EPS. As a group, sell-side analysts expect that Valero Energy Co. will post 6.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were given a $0.90 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.60 annualized dividend and a yield of 4.69%. Valero Energy’s dividend payout ratio is 48.85%.
VLO has been the topic of a number of research analyst reports. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Wolfe Research upgraded shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. Morgan Stanley raised their target price on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Raymond James raised their target price on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Valero Energy presently has a consensus rating of “Buy” and an average price target of $109.02.
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Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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