Carnick & Kubik Group LLC raised its stake in Valero Energy Co. (NYSE:VLO) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,660 shares of the oil and gas company’s stock after purchasing an additional 2,968 shares during the period. Carnick & Kubik Group LLC’s holdings in Valero Energy were worth $3,704,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in VLO. Thrivent Financial for Lutherans lifted its holdings in shares of Valero Energy by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock worth $1,412,000 after purchasing an additional 332 shares during the period. Private Trust Co. NA lifted its holdings in shares of 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 purchasing an additional 826 shares during the period. First National Trust Co lifted its holdings in shares of 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 purchasing an additional 10,323 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Valero Energy by 2.5% during the fourth quarter. Sumitomo Life Insurance Co. now owns 13,961 shares of the oil and gas company’s stock worth $1,047,000 after purchasing an additional 337 shares during the period. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Valero Energy by 9.3% during the first quarter. Capital Investment Advisors LLC now owns 96,268 shares of the oil and gas company’s stock worth $8,166,000 after purchasing an additional 8,176 shares during the period. Institutional investors own 79.17% of the company’s stock.
A number of equities research analysts have commented on the company. Macquarie raised Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 target price for the company in a report on Friday, January 18th. Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Friday, January 25th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Piper Jaffray Companies reissued an “overweight” rating on shares of Valero Energy in a report on Thursday, January 10th. Finally, Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Valero Energy presently has an average rating of “Buy” and a consensus price target of $110.52.
Shares of VLO stock opened at $88.44 on Friday. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $126.98. The firm has a market capitalization of $36.93 billion, a PE ratio of 12.00, a PEG ratio of 1.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 1.04.
Valero Energy (NYSE:VLO) last announced 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 return on equity of 12.37% and a net margin of 2.43%. The business had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Valero Energy Co. will post 6.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Tuesday, May 14th. Valero Energy’s dividend payout ratio is presently 48.85%.
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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