Hartford Investment Management Co. decreased its stake in Valero Energy Co. (NYSE:VLO) by 13.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,116 shares of the oil and gas company’s stock after selling 19,418 shares during the period. Hartford Investment Management Co.’s holdings in Valero Energy were worth $8,228,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in VLO. Tompkins Financial Corp increased its stake in shares of Valero Energy by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Valero Energy during the third quarter valued at approximately $125,000. Chicago Partners Investment Group LLC bought a new stake in shares of Valero Energy during the third quarter valued at approximately $132,000. Oakworth Capital Inc. increased its stake in shares of Valero Energy by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 85 shares during the last quarter. Finally, Americafirst Capital Management LLC increased its stake in shares of Valero Energy by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares during the last quarter. 78.06% of the stock is owned by institutional investors and hedge funds.
Valero Energy Co. (NYSE:VLO) opened at 64.37 on Friday. Valero Energy Co. has a 12 month low of $46.88 and a 12 month high of $71.40. The stock has a 50 day moving average of $65.86 and a 200 day moving average of $65.09. The firm has a market capitalization of $29.03 billion, a PE ratio of 14.06 and a beta of 1.38.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.60 by $0.08. The company earned $21.77 billion during the quarter, compared to analysts’ expectations of $19.15 billion. Valero Energy had a net margin of 3.03% and a return on equity of 8.08%. Valero Energy’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, equities analysts predict that Valero Energy Co. will post $4.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 7th. Investors of record on Wednesday, May 17th will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, May 15th. This represents a $2.80 annualized dividend and a yield of 4.35%. Valero Energy’s dividend payout ratio is currently 56.91%.
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Several analysts recently commented on VLO shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Valero Energy in a report on Wednesday, April 26th. Scotiabank reaffirmed a “buy” rating and set a $70.00 target price on shares of Valero Energy in a report on Monday, March 27th. Mizuho lifted their target price on shares of Valero Energy from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Barclays PLC reaffirmed a “buy” rating and set a $95.00 target price on shares of Valero Energy in a report on Wednesday, January 11th. Finally, Bank of America Corp raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $86.00 in a report on Thursday, January 5th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.03.
In related news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $66.19, for a total transaction of $66,190.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by insiders.
About Valero Energy
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.