Auxier Asset Management reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,026 shares of the oil and gas company’s stock after selling 1,550 shares during the quarter. Valero Energy comprises approximately 1.4% of Auxier Asset Management’s portfolio, making the stock its 21st largest holding. Auxier Asset Management’s holdings in Valero Energy were worth $7,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in VLO. Victory Capital Management Inc. raised its stake in shares of Valero Energy by 22.4% in the first quarter. Victory Capital Management Inc. now owns 280,037 shares of the oil and gas company’s stock valued at $25,979,000 after buying an additional 51,212 shares during the period. Financial Gravity Wealth Inc. bought a new stake in shares of Valero Energy in the first quarter valued at $408,000. Eaton Vance Management raised its stake in shares of Valero Energy by 61.8% in the first quarter. Eaton Vance Management now owns 22,102 shares of the oil and gas company’s stock valued at $2,050,000 after buying an additional 8,446 shares during the period. ETRADE Capital Management LLC raised its stake in shares of Valero Energy by 10.0% in the first quarter. ETRADE Capital Management LLC now owns 12,712 shares of the oil and gas company’s stock valued at $1,179,000 after buying an additional 1,155 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Valero Energy by 2.6% in the first quarter. Thrivent Financial for Lutherans now owns 18,261 shares of the oil and gas company’s stock valued at $1,694,000 after buying an additional 464 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.
In related news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.
Shares of NYSE VLO opened at $116.83 on Friday. The firm has a market capitalization of $49.19 billion, a PE ratio of 23.49, a P/E/G ratio of 1.94 and a beta of 0.99. Valero Energy Co. has a fifty-two week low of $69.53 and a fifty-two week high of $126.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.17. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The company had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. equities research analysts predict that Valero Energy Co. will post 6.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Tuesday, August 7th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Monday, August 6th. Valero Energy’s payout ratio is 64.52%.
VLO has been the topic of several research reports. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Citigroup boosted their target price on Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Credit Suisse Group boosted their target price on Valero Energy from $118.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, June 4th. Finally, Mizuho started coverage on Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 target price on the stock. Fourteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Valero Energy currently has a consensus rating of “Hold” and a consensus target price of $116.59.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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