Cornerstone Wealth Management LLC trimmed its position in shares of Valero Energy Co. (NYSE:VLO – Get Rating) by 34.6% during the 1st quarter, HoldingsChannel reports. The firm owned 2,207 shares of the oil and gas company’s stock after selling 1,170 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Valero Energy were worth $224,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. its position in Valero Energy grew by 4.3% during the 4th quarter. BlackRock Inc. Now owns 37,549,543 shares of the oil and gas company’s stock worth $2,820,347,000 after purchasing an additional 1,536,457 shares in the last quarter. Geode Capital Management LLC grew its position in Valero Energy by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 7,675,499 shares of the oil and gas company’s stock worth $575,161,000 after purchasing an additional 428,672 shares in the last quarter. Charles Schwab Investment Management Inc. Its position in Valero Energy grew by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. Now owns 7,047,994 shares of the oil and gas company’s stock worth $529,376,000 after purchasing an additional 269,543 shares in the last quarter. Victory Capital Management Inc. Its position in Valero Energy grew by 5.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,692,041 shares of the oil and gas company’s stock worth $427,529,000 after purchasing an additional 311,827 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Valero Energy by 15.5% during the 4th quarter. Allianz Asset Management GmbH now owns 5,554,805 shares of the oil and gas company’s stock worth $417,211,000 after purchasing an additional 746,768 shares in the last quarter. Hedge funds and other institutional investors own 77.56% of the company’s stock.
Several research firms have weighed in on VLO. Citigroup lifted their objective price on shares of Valero Energy from $94.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Barclays lifted their target price on shares of Valero Energy from $114.00 to $120.00 in a research note on Wednesday, April 27th. Redburn Partners lowered shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. BMO Capital Markets assumed coverage on shares of Valero Energy in a research note on Monday, June 13th. They set a “market performer” rating and a $155.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on shares of Valero Energy from $136.00 to $166.00 and gave the company an “overweight” rating in a research note on Tuesday, June 14th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.46.
VLO stock opened at $107.98 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. Valero Energy Co. has a 1 year low of $58.85 and a 1 year high of $146.80. The company has a fifty day simple moving average of $122.81 and a 200 day simple moving average of $100.28. The firm has a market cap of $44.07 billion, a PE ratio of 17.44, a PEG ratio of 1.05 and a beta of 1.80.
Valero Energy (NYSE:VLO – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.70. The business had revenue of $38.54 billion during the quarter, compared to analyst estimates of $32.23 billion. Valero Energy had a net margin of 1.93% and a return on equity of 13.69%. Valero Energy’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.73) EPS. As a group, analysts forecast that Valero Energy Co. will post 17.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Thursday, May 12th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annual basis and a yield of 3.63%. The ex-dividend date was Wednesday, May 11th. Valero Energy’s dividend payout ratio is 63.33%.
In other Valero Energy news, COO R. Lane Riggs sold 17,767 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $131.53, for a total transaction of $2,336,893.51. Following the completion of the transaction, the chief operating officer now owns 254,905 shares of the company’s stock, valued at approximately $33,527,654.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.
Valero Energy Profile (Get Rating)
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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