Flputnam Investment Management Co. Acquires 24,765 Shares of Valero Energy Corporation $VLO

Flputnam Investment Management Co. increased its holdings in Valero Energy Corporation (NYSE:VLOFree Report) by 263.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,151 shares of the oil and gas company’s stock after purchasing an additional 24,765 shares during the quarter. Flputnam Investment Management Co.’s holdings in Valero Energy were worth $5,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Valero Energy in the third quarter worth about $27,000. Torren Management LLC bought a new stake in shares of Valero Energy in the fourth quarter worth about $30,000. Cypress Capital Management LLC WY bought a new stake in shares of Valero Energy in the third quarter worth about $34,000. Triumph Capital Management bought a new stake in shares of Valero Energy in the third quarter worth about $35,000. Finally, Physician Wealth Advisors Inc. grew its stake in shares of Valero Energy by 145.3% in the third quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 125 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Valero Energy stock opened at $240.43 on Thursday. The stock’s 50 day simple moving average is $242.49 and its two-hundred day simple moving average is $206.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a market cap of $71.39 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.36 and a beta of 0.58. Valero Energy Corporation has a fifty-two week low of $125.10 and a fifty-two week high of $263.75.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. As a group, analysts expect that Valero Energy Corporation will post 26.51 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

Insider Activity at Valero Energy

In other news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total value of $95,440.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VLO has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. UBS Group lifted their price objective on Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Wells Fargo & Company lifted their price objective on Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Barclays lifted their price objective on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Read Our Latest Analysis on Valero Energy

Valero Energy Profile

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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

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