Family Legacy Inc. raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,313 shares of the oil and gas company’s stock after purchasing an additional 380 shares during the period. Family Legacy Inc.’s holdings in Valero Energy were worth $455,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Thomasville National Bank bought a new position in shares of Valero Energy in the 2nd quarter worth approximately $1,606,000. First Mercantile Trust Co. raised its position in shares of Valero Energy by 615.9% in the 1st quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 4,804 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Valero Energy in the 1st quarter worth approximately $2,706,000. First National Trust Co raised its position in shares of Valero Energy by 4.4% in the 1st quarter. First National Trust Co now owns 107,196 shares of the oil and gas company’s stock worth $9,093,000 after acquiring an additional 4,492 shares in the last quarter. Finally, Westchester Capital Management Inc. raised its position in shares of Valero Energy by 1.7% in the 1st quarter. Westchester Capital Management Inc. now owns 93,185 shares of the oil and gas company’s stock worth $7,905,000 after acquiring an additional 1,515 shares in the last quarter. 77.21% of the stock is owned by institutional investors and hedge funds.
Valero Energy stock opened at $82.07 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.43 and a quick ratio of 0.92. The stock has a market cap of $34.24 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.93 and a beta of 1.48. The stock has a 50 day moving average of $82.72. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $122.42.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be paid a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 annualized dividend and a dividend yield of 4.39%. Valero Energy’s payout ratio is currently 48.85%.
Several brokerages have recently issued reports on VLO. JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $102.00 to $105.00 in a research report on Tuesday, May 14th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday. Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James increased their target price on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Valero Energy has an average rating of “Buy” and an average target price of $105.47.
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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