Cozad Asset Management Inc. grew its position in Valero Energy Co. (NYSE:VLO) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,402 shares of the oil and gas company’s stock after purchasing an additional 1,850 shares during the quarter. Cozad Asset Management Inc.’s holdings in Valero Energy were worth $1,575,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Advisory Alpha LLC bought a new stake in shares of Valero Energy in the first quarter valued at approximately $27,000. Archford Capital Strategies LLC lifted its stake in Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Titan Capital Management LLC CA bought a new stake in Valero Energy during the second quarter worth $32,000. NuWave Investment Management LLC lifted its stake in Valero Energy by 1,107.7% during the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares during the last quarter. Finally, Rational Advisors LLC lifted its stake in Valero Energy by 1,107.7% during the second quarter. Rational Advisors LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares during the last quarter. 76.39% of the stock is currently owned by institutional investors.
VLO has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and dropped their price target for the company from $96.00 to $92.00 in a research note on Thursday, June 6th. Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $103.47.
Shares of VLO traded up $0.71 during trading hours on Thursday, reaching $83.38. The stock had a trading volume of 645,468 shares, compared to its average volume of 3,528,869. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $120.72. The stock has a market capitalization of $32.90 billion, a PE ratio of 11.31, a PEG ratio of 1.99 and a beta of 1.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. The company’s 50-day moving average is $78.59 and its two-hundred day moving average is $81.89.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. Valero Energy’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 earnings per share. Equities analysts anticipate that Valero Energy Co. will post 4.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.32%. Valero Energy’s payout ratio is 48.85%.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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