Two Sigma Advisers LP reduced its stake in Valero Energy Co. (NYSE:VLO) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,033,129 shares of the oil and gas company’s stock after selling 15,500 shares during the period. Two Sigma Advisers LP owned about 0.24% of Valero Energy worth $94,955,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of VLO. Willingdon Wealth Management bought a new position in Valero Energy in the 3rd quarter valued at approximately $100,000. Independence Bank of Kentucky bought a new position in Valero Energy in the 4th quarter valued at approximately $102,000. Parkside Financial Bank & Trust raised its holdings in Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 799 shares during the last quarter. San Francisco Sentry Investment Group CA raised its holdings in Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after buying an additional 1,386 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Valero Energy in the 4th quarter valued at approximately $135,000. Institutional investors and hedge funds own 80.10% of the company’s stock.
Several research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Valero Energy from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. Credit Suisse Group restated a “neutral” rating and set a $102.00 price target on shares of Valero Energy in a report on Wednesday, March 7th. Citigroup upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, February 14th. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, Cowen restated a “buy” rating and set a $100.00 price target on shares of Valero Energy in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Valero Energy has a consensus rating of “Hold” and a consensus price target of $92.35.
Shares of Valero Energy Co. (VLO) opened at $93.49 on Wednesday. The company has a market cap of $40,151.09, a P/E ratio of 18.61, a PEG ratio of 1.11 and a beta of 1.03. Valero Energy Co. has a 52-week low of $60.69 and a 52-week high of $99.95. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The company’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. research analysts expect that Valero Energy Co. will post 7.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.80 per share. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.42%. Valero Energy’s dividend payout ratio (DPR) is 34.63%.
Valero Energy announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Valero Energy Profile
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.
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