CenterBook Partners LP acquired a new position in Valero Energy Corporation (NYSE:VLO – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 7,051 shares of the oil and gas company’s stock, valued at approximately $1,148,000.
Other large investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in Valero Energy in the 3rd quarter worth $27,000. Torren Management LLC bought a new stake in Valero Energy during the fourth quarter valued at about $30,000. AXS Investments LLC purchased a new position in shares of Valero Energy in the fourth quarter valued at about $32,000. Bruce G. Allen Investments LLC lifted its position in shares of Valero Energy by 32.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 51 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of Valero Energy in the third quarter worth about $35,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Valero Energy Stock Up 1.8%
Shares of VLO opened at $258.27 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The stock has a market capitalization of $76.69 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $130.78 and a 1 year high of $265.61. The business’s 50 day simple moving average is $245.01 and its 200-day simple moving average is $211.65.
Valero Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on VLO. Weiss Ratings upgraded Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Mizuho upped their price target on Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Raymond James Financial increased their price objective on shares of Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Morgan Stanley lifted their price objective on shares of Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.65.
Read Our Latest Stock Analysis on VLO
About Valero Energy
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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