Stephens Inc. AR grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,335 shares of the oil and gas company’s stock after buying an additional 522 shares during the quarter. Stephens Inc. AR’s holdings in Valero Energy were worth $1,589,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Kaizen Advisory LLC grew its holdings in shares of Valero Energy by 156.8% during the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 649 shares during the last quarter. Kiley Juergens Wealth Management LLC acquired a new position in shares of Valero Energy during the second quarter valued at about $117,000. Stelac Advisory Services LLC acquired a new position in shares of Valero Energy during the second quarter valued at about $125,000. Trust Co. of Vermont lifted its position in shares of Valero Energy by 70.4% during the second quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 600 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Valero Energy during the first quarter valued at about $135,000. Hedge funds and other institutional investors own 78.40% of the company’s stock.
Shares of NYSE:VLO opened at $117.67 on Thursday. The company has a market cap of $50.38 billion, a P/E ratio of 23.72, a PEG ratio of 1.97 and a beta of 0.99. Valero Energy Co. has a 12 month low of $67.71 and a 12 month high of $126.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The company had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. Valero Energy’s revenue for the quarter was up 39.4% on a year-over-year basis. equities research analysts anticipate that Valero Energy Co. will post 6.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 7th were paid a $0.80 dividend. The ex-dividend date was Monday, August 6th. This represents a $3.20 dividend on an annualized basis and a yield of 2.72%. Valero Energy’s dividend payout ratio is presently 64.52%.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is owned by insiders.
VLO has been the topic of a number of recent analyst reports. Edward Jones raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Argus raised their price target on shares of Valero Energy to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 10th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Credit Suisse Group raised their price target on shares of Valero Energy from $118.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, June 4th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.41.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
See Also: Why Dividend Stocks May Be Right for You
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.