Jacobs Levy Equity Management Inc. raised its stake in Valero Energy Co. (NYSE:VLO) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 561,917 shares of the oil and gas company’s stock after buying an additional 43,420 shares during the period. Valero Energy comprises 0.7% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 16th biggest holding. Jacobs Levy Equity Management Inc.’s holdings in Valero Energy were worth $47,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in VLO. Advisory Alpha LLC bought a new stake in shares of Valero Energy in the 1st quarter valued at about $27,000. Sontag Advisory LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $25,000. Athena Capital Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $28,000. Covenant Multifamily Offices LLC bought a new stake in shares of Valero Energy in the 1st quarter valued at about $36,000. Finally, JNBA Financial Advisors raised its holdings in shares of 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 purchasing an additional 252 shares in the last quarter. 77.00% of the stock is owned by institutional investors.
Shares of NYSE VLO traded down $0.94 during trading hours on Friday, hitting $76.32. 33,434 shares of the stock were exchanged, compared to its average volume of 3,339,616. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. The firm has a market cap of $31.93 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $122.42.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.20 by $0.14. The firm had revenue of $24.26 billion during 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%. Valero Energy’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS. On average, equities research analysts anticipate that Valero Energy Co. will post 6.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 4.72%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
VLO has been the subject of several recent research reports. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and reduced their price target for the company from $96.00 to $92.00 in a report on Thursday, June 6th. Wolfe Research upgraded shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, JPMorgan Chase & Co. upgraded shares of Valero Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $102.00 to $105.00 in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $109.02.
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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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