Emerald Advisers LLC lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 19.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,806 shares of the oil and gas company’s stock after selling 1,879 shares during the period. Emerald Advisers LLC’s holdings in Valero Energy were worth $668,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Alpha LLC purchased a new stake in Valero Energy during the 1st quarter worth about $27,000. Archford Capital Strategies LLC lifted its holdings in Valero Energy by 122.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Covenant Multifamily Offices LLC purchased a new stake in Valero Energy during the 1st quarter worth about $36,000. First Manhattan Co. lifted its holdings in Valero Energy by 47.1% during the 1st quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 145 shares in the last quarter. Finally, NuWave Investment Management LLC lifted its holdings in Valero Energy by 1,107.7% during the 2nd quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares in the last quarter. 77.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE VLO opened at $76.03 on Thursday. The company has a market cap of $32.19 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The business has a 50-day simple moving average of $82.48. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $122.42.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. The business had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 EPS. On average, sell-side analysts expect that Valero Energy Co. will post 5.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.74%. Valero Energy’s dividend payout ratio is currently 48.85%.
A number of analysts recently issued reports on the company. Raymond James increased their price objective on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada set a $98.00 price objective on Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $96.00 to $92.00 in a report on Thursday, June 6th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $105.47.
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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