Sandy Spring Bank raised its holdings in Valero Energy Co. (NYSE:VLO) by 36.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,617 shares of the oil and gas company’s stock after acquiring an additional 3,122 shares during the period. Sandy Spring Bank’s holdings in Valero Energy were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Lee Financial Group Hawaii Inc. boosted its position in shares of Valero Energy by 0.8% during the second quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock worth $4,152,000 after buying an additional 382 shares during the period. Thomasville National Bank acquired a new position in shares of Valero Energy during the second quarter worth about $1,606,000. First Mercantile Trust Co. boosted its position in shares of Valero Energy by 615.9% during the first quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after buying an additional 4,804 shares during the period. Allen Capital Group LLC boosted its position in shares of Valero Energy by 11.6% during the second quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock worth $793,000 after buying an additional 962 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Valero Energy during the first quarter worth about $2,706,000. 77.47% of the stock is owned by hedge funds and other institutional investors.
VLO traded down $0.29 on Thursday, hitting $75.71. 42,378 shares of the company were exchanged, compared to its average volume of 3,243,614. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $122.42. The company has a market cap of $32.19 billion, a P/E ratio of 10.28, a PEG ratio of 1.81 and a beta of 1.48. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $82.48.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Valero Energy’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 earnings per share. On average, equities research analysts predict that Valero Energy Co. will post 5.34 earnings per share for the current fiscal year.
The firm also recently disclosed 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 is Monday, August 5th. This represents a $3.60 annualized dividend and a yield of 4.75%. Valero Energy’s dividend payout ratio is 48.85%.
Several research analysts have recently weighed in on the company. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. Raymond James upped their price objective on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research 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 research report on Friday, July 26th. Wells Fargo & Co set a $107.00 price objective on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.47.
About Valero Energy
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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