Marathon Trading Investment Management LLC bought a new stake in shares of Valero Energy Co. (NYSE:VLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,000 shares of the oil and gas company’s stock, valued at approximately $1,011,000. Valero Energy comprises approximately 0.0% of Marathon Trading Investment Management LLC’s investment portfolio, making the stock its 25th biggest holding.
Other large investors also recently bought and sold shares of the company. Willingdon Wealth Management bought a new position in Valero Energy in the 3rd quarter worth approximately $100,000. Independence Bank of Kentucky bought a new position in Valero Energy in the 4th quarter worth approximately $102,000. Parkside Financial Bank & Trust grew its holdings in Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after buying an additional 799 shares in the last quarter. San Francisco Sentry Investment Group CA grew its holdings in Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Valero Energy in the 4th quarter worth approximately $135,000. 80.10% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $98.00 price objective on shares of Valero Energy in a report on Monday, January 22nd. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Citigroup raised Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Wednesday, February 14th. Credit Suisse Group reissued a “neutral” rating and issued a $102.00 price objective on shares of Valero Energy in a report on Wednesday, March 7th. Finally, UBS Group increased their price objective on Valero Energy from $80.00 to $83.00 and gave the stock a “neutral” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.76.
Shares of Valero Energy Co. (NYSE VLO) opened at $94.32 on Monday. Valero Energy Co. has a 52-week low of $60.69 and a 52-week high of $99.95. The company has a market capitalization of $40,857.16, a price-to-earnings ratio of 10.21, a PEG ratio of 1.13 and a beta of 1.03. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The company had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. sell-side analysts forecast that Valero Energy Co. will post 7.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Monday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio is 34.63%.
Valero Energy announced that its board has initiated a share buyback plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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Valero Energy Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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