Everence Capital Management Inc. grew its position in Valero Energy Co. (NYSE:VLO) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,110 shares of the oil and gas company’s stock after purchasing an additional 2,080 shares during the quarter. Everence Capital Management Inc.’s holdings in Valero Energy were worth $908,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Charter Trust Co. raised its position in shares of Valero Energy by 2.3% in the third quarter. Charter Trust Co. now owns 28,290 shares of the oil and gas company’s stock valued at $3,218,000 after purchasing an additional 629 shares during the period. Bailard Inc. raised its position in shares of Valero Energy by 85.0% in the third quarter. Bailard Inc. now owns 8,150 shares of the oil and gas company’s stock valued at $927,000 after purchasing an additional 3,745 shares during the period. Private Trust Co. NA increased its position in Valero Energy by 26.6% during the fourth quarter. Private Trust Co. NA now owns 3,936 shares of the oil and gas company’s stock worth $295,000 after acquiring an additional 826 shares during the period. Cadence Bank NA increased its position in Valero Energy by 90.8% during the third quarter. Cadence Bank NA now owns 7,447 shares of the oil and gas company’s stock worth $847,000 after acquiring an additional 3,543 shares during the period. Finally, First National Trust Co increased its position in Valero Energy by 11.2% during the fourth quarter. First National Trust Co now owns 102,704 shares of the oil and gas company’s stock worth $7,699,000 after acquiring an additional 10,323 shares during the period. 80.90% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on VLO. Morgan Stanley dropped their target price on shares of Valero Energy from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Citigroup dropped their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, October 16th. Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Friday, January 25th. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, Zacks Investment Research raised shares of Valero Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Valero Energy has an average rating of “Buy” and a consensus price target of $112.01.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $1.09. The firm had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Valero Energy had a net margin of 2.67% and a return on equity of 13.60%. Analysts expect that Valero Energy Co. will post 7.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 13th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.37%. The ex-dividend date is Tuesday, February 12th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. Valero Energy’s payout ratio is 43.42%.
In other Valero Energy news, Director Randall J. Weisenburger purchased 25,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were purchased at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the acquisition, the director now directly owns 53,717 shares of the company’s stock, valued at approximately $3,907,374.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.
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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.
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