First Interstate Bank decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 13.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,630 shares of the oil and gas company’s stock after selling 1,006 shares during the period. First Interstate Bank’s holdings in Valero Energy were worth $568,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. Lee Financial Group Hawaii Inc. lifted its position in shares of Valero Energy by 0.8% in the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock worth $4,152,000 after acquiring an additional 382 shares during the period. Thomasville National Bank bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $1,606,000. First Mercantile Trust Co. lifted its position in shares of Valero Energy by 615.9% in the 1st quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 4,804 shares during the period. Allen Capital Group LLC lifted its position in shares of Valero Energy by 11.6% in the 2nd quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock worth $793,000 after acquiring an additional 962 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of Valero Energy in the 1st quarter worth approximately $2,706,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.
A number of analysts have commented on the company. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James raised their target price 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 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and cut their target price for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $105.47.
VLO stock traded up $1.33 during midday trading on Monday, reaching $79.45. 38,168 shares of the company’s stock traded hands, compared to its average volume of 3,410,280. The company has a 50-day simple moving average of $82.17 and a two-hundred day simple moving average of $82.91. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $122.42. The company has a market cap of $31.79 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.82 and a beta of 1.48. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. During the same period last year, the firm posted $2.15 EPS. The business’s revenue was down 6.7% on a year-over-year basis. Equities research analysts forecast that Valero Energy Co. will post 5.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.53%. Valero Energy’s dividend payout ratio is 48.85%.
Valero Energy Company 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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