Tredje AP fonden cut its stake in shares of Valero Energy Co. (NYSE:VLO) by 11.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,223 shares of the oil and gas company’s stock after selling 3,997 shares during the quarter. Tredje AP fonden’s holdings in Valero Energy were worth $2,252,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in Valero Energy during the 1st quarter valued at approximately $90,000. Janney Montgomery Scott LLC boosted its stake in shares of Valero Energy by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 65,003 shares of the oil and gas company’s stock valued at $6,088,000 after purchasing an additional 820 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Valero Energy by 84.7% during the fourth quarter. Wealthfront Advisers LLC now owns 15,346 shares of the oil and gas company’s stock worth $1,437,000 after buying an additional 7,037 shares during the period. Savior LLC bought a new position in Valero Energy during the fourth quarter worth $38,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Valero Energy during the fourth quarter worth $732,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.
In other news, Director Randall J. Weisenburger bought 45,000 shares of Valero Energy stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of $47.31 per share, with a total value of $2,128,950.00. Following the completion of the acquisition, the director now owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.49. Valero Energy had a net margin of 0.41% and a return on equity of 10.51%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.22 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue was down 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Valero Energy Co. will post -1.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Wednesday, May 13th. Valero Energy’s dividend payout ratio (DPR) is presently 68.77%.
A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Tuesday, April 21st. Wells Fargo & Co upped their price objective on shares of Valero Energy from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Piper Sandler upgraded Valero Energy from a “neutral” rating to an “overweight” rating and set a $97.00 price target for the company in a research note on Thursday, March 12th. Morgan Stanley boosted their price objective on Valero Energy from $65.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Cfra cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 27th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $79.50.
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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