Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,599 shares of the oil and gas company’s stock, valued at approximately $889,000.
Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its stake in shares of Valero Energy by 0.6% during the 1st quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock worth $1,648,000 after acquiring an additional 42 shares during the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of Valero Energy by 5.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 51 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in Valero Energy by 32.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 51 shares during the period. Providence Wealth Advisors LLC raised its holdings in Valero Energy by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock worth $1,564,000 after purchasing an additional 52 shares during the period. Finally, KPP Advisory Services LLC lifted its position in Valero Energy by 2.5% during the first quarter. KPP Advisory Services LLC now owns 2,156 shares of the oil and gas company’s stock valued at $533,000 after purchasing an additional 52 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Zacks Research lowered Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. 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. Scotiabank boosted their price objective on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Valero Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Wolfe Research restated an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $266.71.
Valero Energy Trading Up 0.8%
Shares of Valero Energy stock opened at $304.99 on Tuesday. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $320.24. 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 company has a market capitalization of $90.56 billion, a P/E ratio of 22.16, a P/E/G ratio of 0.20 and a beta of 0.55. The company has a fifty day moving average of $266.16 and a 200 day moving average of $235.67.
Valero Energy (NYSE:VLO – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts anticipate that Valero Energy Corporation will post 36.46 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is 34.88%.
Insider Transactions at Valero Energy
In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.
Valero Energy Company Profile
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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