O Brien Greene & Co. Inc Purchases Shares of 64,800 Valero Energy Co. (NYSE:VLO)

O Brien Greene & Co. Inc purchased a new stake in Valero Energy Co. (NYSE:VLO) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 64,800 shares of the oil and gas company’s stock, valued at approximately $4,640,000. Valero Energy comprises approximately 1.8% of O Brien Greene & Co. Inc’s portfolio, making the stock its 27th biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Meritage Portfolio Management acquired a new stake in Valero Energy in the fourth quarter valued at $2,038,000. Rafferty Asset Management LLC lifted its stake in Valero Energy by 14.6% in the first quarter. Rafferty Asset Management LLC now owns 220,182 shares of the oil and gas company’s stock valued at $15,765,000 after acquiring an additional 28,132 shares during the last quarter. Sawtooth Solutions LLC lifted its stake in Valero Energy by 152.1% in the fourth quarter. Sawtooth Solutions LLC now owns 39,966 shares of the oil and gas company’s stock valued at $2,261,000 after acquiring an additional 24,112 shares during the last quarter. Smith Moore & CO. lifted its stake in shares of Valero Energy by 8.7% during the 4th quarter. Smith Moore & CO. now owns 10,109 shares of the oil and gas company’s stock worth $561,000 after buying an additional 808 shares during the last quarter. Finally, E&G Advisors LP lifted its stake in shares of Valero Energy by 8.1% during the 1st quarter. E&G Advisors LP now owns 6,700 shares of the oil and gas company’s stock worth $480,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 76.53% of the company’s stock.

VLO stock traded down $0.03 during mid-day trading on Friday, hitting $81.91. The stock had a trading volume of 47,931 shares, compared to its average volume of 3,833,160. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.43 and a quick ratio of 0.95. Valero Energy Co. has a 52 week low of $35.44 and a 52 week high of $84.95. The stock has a market capitalization of $33.48 billion, a price-to-earnings ratio of -120.50, a P/E/G ratio of 14.67 and a beta of 2.17. The stock’s fifty day moving average is $76.79.

Valero Energy (NYSE:VLO) last released its earnings results on Wednesday, April 21st. The oil and gas company reported ($1.73) EPS for the quarter, beating the consensus estimate of ($1.91) by $0.18. Valero Energy had a negative net margin of 0.43% and a negative return on equity of 10.68%. The firm had revenue of $20.81 billion for the quarter, compared to analyst estimates of $17.42 billion. During the same period last year, the firm earned $0.34 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that Valero Energy Co. will post 0.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 8th. Shareholders of record on Monday, May 17th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Friday, May 14th. Valero Energy’s dividend payout ratio is currently -125.64%.

A number of research firms have recently issued reports on VLO. Piper Sandler raised their target price on shares of Valero Energy from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 1st. Mizuho raised their target price on shares of Valero Energy from $86.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 17th. Raymond James upgraded shares of Valero Energy from an “outperform” rating to a “strong-buy” rating and set a $96.00 target price for the company in a research note on Friday, April 16th. Credit Suisse Group raised their target price on shares of Valero Energy from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, April 12th. Finally, Morgan Stanley raised their target price on shares of Valero Energy from $74.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Valero Energy has a consensus rating of “Buy” and a consensus target price of $84.71.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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