NewSquare Capital LLC decreased its position in Valero Energy Co. (NYSE:VLO) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,082 shares of the oil and gas company’s stock after selling 1,962 shares during the quarter. NewSquare Capital LLC’s holdings in Valero Energy were worth $1,281,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fulton Bank N.A. boosted its position in Valero Energy by 2.1% during the 4th quarter. Fulton Bank N.A. now owns 9,789 shares of the oil and gas company’s stock worth $734,000 after acquiring an additional 203 shares during the period. Banced Corp raised its stake in shares of Valero Energy by 5.0% in the 4th quarter. Banced Corp now owns 5,167 shares of the oil and gas company’s stock worth $388,000 after buying an additional 246 shares in the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of Valero Energy by 11.1% in the 4th quarter. Daiwa SB Investments Ltd. now owns 2,510 shares of the oil and gas company’s stock worth $188,000 after buying an additional 250 shares in the last quarter. Heritage Trust Co raised its stake in shares of Valero Energy by 2.7% in the 4th quarter. Heritage Trust Co now owns 9,769 shares of the oil and gas company’s stock worth $733,000 after buying an additional 259 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of Valero Energy by 0.7% in the 4th quarter. Moody National Bank Trust Division now owns 46,320 shares of the oil and gas company’s stock worth $3,473,000 after buying an additional 309 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Goldman Sachs Group lowered Valero Energy from a “neutral” rating to a “sell” rating in a research report on Friday, October 19th. Credit Suisse Group raised Valero Energy from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Thursday, November 1st. Morgan Stanley dropped their price target on Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Raymond James lowered their target price on Valero Energy from $141.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Finally, Wells Fargo & Co decreased their price target on Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Valero Energy has an average rating of “Buy” and an average price target of $112.01.
NYSE VLO opened at $83.46 on Thursday. The company has a market cap of $34.93 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. Valero Energy Co. has a one year low of $68.81 and a one year high of $126.98. 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 (NYSE:VLO) last released its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $1.09. The business had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Valero Energy had a return on equity of 13.60% and a net margin of 2.67%. Analysts forecast that Valero Energy Co. will post 7.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 13th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, February 12th. Valero Energy’s dividend payout ratio (DPR) is presently 43.42%.
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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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