Stratos Wealth Partners LTD. increased its stake in Valero Energy Co. (NYSE:VLO) by 1.2% in the 1st quarter, HoldingsChannel reports. The fund owned 46,715 shares of the oil and gas company’s stock after buying an additional 544 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Valero Energy were worth $3,963,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in 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 valued at $1,412,000 after buying an additional 332 shares during the period. First National Trust Co raised its stake in shares of Valero Energy by 4.4% during the first quarter. First National Trust Co now owns 107,196 shares of the oil and gas company’s stock valued at $9,093,000 after acquiring an additional 4,492 shares during the last quarter. Sumitomo Life Insurance Co. raised its stake 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 valued at $1,047,000 after acquiring an additional 337 shares during the last quarter. Capital Investment Advisors LLC raised its stake 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 valued at $8,166,000 after acquiring an additional 8,176 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Valero Energy by 5.9% during the fourth quarter. LS Investment Advisors LLC now owns 19,560 shares of the oil and gas company’s stock valued at $1,466,000 after acquiring an additional 1,086 shares during the last quarter. Institutional investors and hedge funds own 78.48% of the company’s stock.
In other news, Director Stephen M. Waters purchased 500 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were purchased at an average price of $84.97 per share, for a total transaction of $42,485.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The firm had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the company 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 6.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Tuesday, May 14th. Valero Energy’s payout ratio is 48.85%.
Several equities analysts have recently commented on VLO shares. Macquarie raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price objective for the company in a research note on Friday, January 18th. Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Friday, January 25th. Argus set a $110.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th. Standpoint Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Wolfe Research raised shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and an average target price of $107.82.
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Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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