Xact Kapitalforvaltning AB boosted its stake in Valero Energy Co. (NYSE:VLO) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,346 shares of the oil and gas company’s stock after acquiring an additional 4,900 shares during the period. Xact Kapitalforvaltning AB’s holdings in Valero Energy were worth $4,076,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in Valero Energy by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 11,932,482 shares of the oil and gas company’s stock worth $1,096,715,000 after acquiring an additional 658,940 shares during the period. Geode Capital Management LLC increased its stake in shares of Valero Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after purchasing an additional 72,930 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Valero Energy by 0.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 3,538,559 shares of the oil and gas company’s stock worth $272,222,000 after purchasing an additional 25,498 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Valero Energy in the fourth quarter worth about $302,721,000. Finally, Prudential Financial Inc. increased its stake in shares of Valero Energy by 14.5% in the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after purchasing an additional 411,630 shares in the last quarter. 80.89% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on VLO. Citigroup upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, February 14th. Credit Suisse Group began coverage on shares of Valero Energy in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $91.00 target price for the company. Bank of America lifted their target price on shares of Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Scotiabank reiterated a “buy” rating and issued a $93.00 target price on shares of Valero Energy in a research note on Friday, December 22nd. Finally, Piper Jaffray reiterated a “hold” rating and issued a $98.00 target price on shares of Valero Energy in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $93.65.
Valero Energy Co. (VLO) opened at $91.22 on Monday. The company has a market cap of $39,514.32, a P/E ratio of 18.32, a P/E/G ratio of 1.06 and a beta of 1.03. Valero Energy Co. has a 12 month low of $60.69 and a 12 month high of $99.95. 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 issued its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. Valero Energy’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. equities analysts forecast that Valero Energy Co. will post 6.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, February 12th. This represents a $3.20 annualized dividend and a yield of 3.51%. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s payout ratio is currently 34.63%.
Valero Energy declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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Valero Energy 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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