Banco Santander S.A. trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 14.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,313 shares of the oil and gas company’s stock after selling 1,802 shares during the period. Banco Santander S.A.’s holdings in Valero Energy were worth $875,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in VLO. Sontag Advisory LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $25,000. Athena Capital Advisors LLC bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $28,000. JNBA Financial Advisors grew its stake in shares of Valero Energy by 126.0% during the fourth quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 252 shares during the last quarter. PRW Wealth Management LLC bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $34,000. Finally, Covenant Multifamily Offices LLC bought a new stake in shares of Valero Energy during the first quarter valued at approximately $36,000. Institutional investors own 76.88% of the company’s stock.
Shares of NYSE:VLO traded down $1.36 during midday trading on Monday, hitting $84.25. The stock had a trading volume of 4,549,444 shares, compared to its average volume of 3,710,144. The stock has a 50-day moving average price of $78.60. The company has a market capitalization of $36.17 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.73 and a beta of 1.47. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $122.42.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend was Tuesday, May 14th. Valero Energy’s payout ratio is 48.85%.
Several analysts have recently commented on the stock. ValuEngine raised shares of Valero Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, June 26th. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $96.00 to $92.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $102.00 to $105.00 in a report on Tuesday, May 14th. Raymond James lifted their target price on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Morgan Stanley boosted their price objective on shares of Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $109.02.
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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