Honeywell International Inc. Purchases New Position in Valero Energy Co. (VLO)

Honeywell International Inc. purchased a new position in shares of Valero Energy Co. (NYSE:VLO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the oil and gas company’s stock, valued at approximately $7,497,000.

Other large investors have also modified their holdings of the company. Strategic Wealth Partners Ltd. boosted its stake in Valero Energy by 876.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 368 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in Valero Energy during the 4th quarter worth $46,000. Baystate Wealth Management LLC boosted its stake in Valero Energy by 51.4% during the 4th quarter. Baystate Wealth Management LLC now owns 642 shares of the oil and gas company’s stock worth $53,000 after purchasing an additional 218 shares during the period. First Mercantile Trust Co. boosted its stake in Valero Energy by 66.0% during the 4th quarter. First Mercantile Trust Co. now owns 780 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 310 shares during the period. Finally, We Are One Seven LLC acquired a new stake in Valero Energy during the 4th quarter worth $63,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

VLO opened at $83.16 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $126.98. The company has a market capitalization of $34.93 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.41 and a beta of 1.14.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.60%. The business had revenue of $28.73 billion for the quarter, compared to analysts’ expectations of $23.26 billion. As a group, equities research analysts anticipate that Valero Energy Co. will post 7.48 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Wednesday, February 13th will be given a $0.90 dividend. The ex-dividend date is Tuesday, February 12th. This is a boost from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 4.33%. Valero Energy’s dividend payout ratio (DPR) is currently 43.42%.

In related news, Director Randall J. Weisenburger bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were acquired at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the transaction, the director now owns 53,717 shares of the company’s stock, valued at $3,907,374.58. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Several analysts have recently commented on VLO shares. Citigroup reduced their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, October 16th. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Wells Fargo & Co reduced their target price on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Raymond James reduced their target price on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Finally, Morgan Stanley reduced their target price on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. Valero Energy currently has an average rating of “Buy” and a consensus target price of $112.01.

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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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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