First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,931 shares of the oil and gas company’s stock after acquiring an additional 4,071 shares during the quarter. Valero Energy accounts for 1.6% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 27th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Valero Energy were worth $3,642,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Sontag Advisory LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth approximately $25,000. Athena Capital Advisors LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth approximately $28,000. Strategic Wealth Partners Ltd. boosted its stake in shares of Valero Energy by 876.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 368 shares during the last quarter. JNBA Financial Advisors boosted its stake in shares of Valero Energy by 126.0% in the fourth quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 252 shares during the last quarter. Finally, PRW Wealth Management LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth approximately $34,000. Institutional investors own 79.22% of the company’s stock.
NYSE VLO traded down $2.55 on Wednesday, reaching $87.73. 4,945,074 shares of the company were exchanged, compared to its average volume of 3,720,348. The firm has a market capitalization of $37.34 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.65. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $126.98.
VLO has been the topic of a number of research analyst reports. Macquarie raised Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target on the stock in a research note on Friday, January 18th. Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target on the stock in a research note on Friday, January 25th. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Valero Energy in a research note on Thursday, January 10th. Finally, Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy presently has an average rating of “Buy” and an average price target of $113.32.
In other Valero Energy news, Director Stephen M. Waters purchased 500 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average price of $84.97 per share, with a total value of $42,485.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.38% 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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