Energy Opportunities Capital Management LLC lifted its position in Valero Energy Co. (NYSE:VLO) by 23.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,988 shares of the oil and gas company’s stock after purchasing an additional 6,975 shares during the quarter. Valero Energy comprises approximately 2.5% of Energy Opportunities Capital Management LLC’s portfolio, making the stock its 18th largest holding. Energy Opportunities Capital Management LLC’s holdings in Valero Energy were worth $4,099,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in VLO. FMR LLC increased its holdings in shares of Valero Energy by 71.1% in the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Valero Energy by 58.3% in the second quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock worth $194,827,000 after purchasing an additional 647,321 shares during the period. Natixis increased its holdings in shares of Valero Energy by 118.4% in the second quarter. Natixis now owns 1,109,729 shares of the oil and gas company’s stock worth $122,991,000 after purchasing an additional 601,582 shares during the period. Atalanta Sosnoff Capital LLC increased its holdings in shares of Valero Energy by 3,983.8% in the second quarter. Atalanta Sosnoff Capital LLC now owns 424,710 shares of the oil and gas company’s stock worth $47,071,000 after purchasing an additional 414,310 shares during the period. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of Valero Energy by 12,113.4% in the second quarter. Cornerstone Wealth Management LLC now owns 327,198 shares of the oil and gas company’s stock worth $2,995,000 after purchasing an additional 324,519 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:VLO opened at $115.46 on Tuesday. Valero Energy Co. has a 52-week low of $71.14 and a 52-week high of $126.98. The firm has a market capitalization of $49.71 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.96 and a beta of 0.99. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.39.
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 (EPS) for the quarter, beating the 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 business had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The company’s revenue was up 39.4% on a year-over-year basis. sell-side analysts predict that Valero Energy Co. will post 6.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 7th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $3.20 annualized dividend and a yield of 2.77%. Valero Energy’s payout ratio is 64.52%.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.
VLO has been the topic of several research analyst reports. Citigroup upped their price target on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Wells Fargo & Co upped their price target on shares of Valero Energy from $122.00 to $146.00 and gave the stock a “positive” rating in a report on Tuesday, May 29th. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Morgan Stanley upped their target price on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Fourteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Valero Energy presently has an average rating of “Hold” and an average target price of $116.59.
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.
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