Y Intercept Hong Kong Ltd purchased a new position in shares of Valero Energy Corporation (NYSE:VLO – Free Report) during the 1st quarter, Holdings Channel reports. The fund purchased 42,644 shares of the oil and gas company’s stock, valued at approximately $10,536,000.
A number of other large investors also recently modified their holdings of VLO. Barclays PLC raised its holdings in Valero Energy by 5.3% during the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after acquiring an additional 209,597 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in Valero Energy by 33.5% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after purchasing an additional 10,634 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Valero Energy during the 4th quarter worth approximately $954,000. CWA Asset Management Group LLC increased its position in shares of Valero Energy by 359.0% during the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock worth $2,319,000 after purchasing an additional 11,140 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Valero Energy during the 3rd quarter worth approximately $3,249,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on VLO
Valero Energy Stock Performance
VLO opened at $267.99 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $274.92. The business has a 50 day moving average of $249.06 and a 200-day moving average of $220.30. The stock has a market cap of $79.57 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.37 and a beta of 0.55.
Valero Energy (NYSE:VLO – Get Free Report) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping 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 analyst estimates of $31.38 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Corporation will post 28.37 earnings per share for the current year.
Valero Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. Valero Energy’s dividend payout ratio is presently 34.88%.
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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