Stone Ridge Asset Management LLC bought a new stake in Valero Energy Co. (NYSE:VLO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,029 shares of the oil and gas company’s stock, valued at approximately $2,025,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Kendall Capital Management purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $2,361,000. QS Investors LLC increased its position in shares of Valero Energy by 3.1% during the fourth quarter. QS Investors LLC now owns 331,607 shares of the oil and gas company’s stock valued at $30,478,000 after acquiring an additional 9,969 shares during the last quarter. Kemnay Advisory Services Inc. increased its position in shares of Valero Energy by 85.4% during the fourth quarter. Kemnay Advisory Services Inc. now owns 14,608 shares of the oil and gas company’s stock valued at $1,343,000 after acquiring an additional 6,728 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Valero Energy by 3.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 403,717 shares of the oil and gas company’s stock valued at $37,106,000 after acquiring an additional 11,817 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $404,000. 80.10% of the stock is owned by institutional investors.
A number of analysts recently commented on the company. Citigroup increased their price target on Valero Energy from $76.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Bank of America increased their price target on Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $98.00 price target on shares of Valero Energy in a research report on Monday, January 22nd. Cowen reissued a “buy” rating and issued a $100.00 target price on shares of Valero Energy in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised their target price on Valero Energy from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $92.35.
Shares of Valero Energy Co. (NYSE:VLO) opened at $93.49 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 1.17. Valero Energy Co. has a 52-week low of $60.69 and a 52-week high of $99.95. The stock has a market capitalization of $40,151.09, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.03.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. equities analysts predict that Valero Energy Co. will post 7.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were given a $0.80 dividend. The ex-dividend date was Monday, February 12th. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.42%. Valero Energy’s payout ratio is 34.63%.
Valero Energy declared that its Board of Directors has authorized a stock buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
About Valero Energy
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.