Clarius Group LLC purchased a new position in Valero Energy Co. (NYSE:VLO) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,538 shares of the oil and gas company’s stock, valued at approximately $215,000.
A number of other large investors also recently bought and sold shares of VLO. Oregon Public Employees Retirement Fund grew its holdings in Valero Energy by 4,599.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock worth $167,000 after purchasing an additional 12,225,706 shares during the period. Norges Bank acquired a new stake in Valero Energy in the fourth quarter worth $346,427,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Valero Energy in the fourth quarter worth $91,065,000. Two Sigma Advisers LP grew its holdings in Valero Energy by 130.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,378,059 shares of the oil and gas company’s stock worth $103,313,000 after purchasing an additional 780,230 shares during the period. Finally, Scout Investments Inc. acquired a new stake in Valero Energy in the first quarter worth $60,786,000. Institutional investors and hedge funds own 77.00% of the company’s stock.
A number of equities research analysts have commented on the stock. ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Raymond James lifted their price objective on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Morgan Stanley lifted their price objective on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upgraded shares of Valero Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. Finally, Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $109.02.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the firm earned $1.00 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. Equities research analysts predict that Valero Energy Co. will post 6.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, May 14th. Valero Energy’s dividend payout ratio is 48.85%.
About Valero Energy
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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