Westchester Capital Management Inc. boosted its holdings in Valero Energy Co. (NYSE:VLO) by 1.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 93,185 shares of the oil and gas company’s stock after purchasing an additional 1,515 shares during the quarter. Valero Energy makes up 3.4% of Westchester Capital Management Inc.’s portfolio, making the stock its 22nd largest position. Westchester Capital Management Inc.’s holdings in Valero Energy were worth $7,905,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of VLO. Northwest Bancshares Inc. lifted its holdings in shares of Valero Energy by 3.0% in the 1st quarter. Northwest Bancshares Inc. now owns 3,887 shares of the oil and gas company’s stock valued at $330,000 after acquiring an additional 115 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Valero Energy by 9.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,384 shares of the oil and gas company’s stock valued at $117,000 after acquiring an additional 116 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Valero Energy by 2.3% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,340 shares of the oil and gas company’s stock valued at $453,000 after acquiring an additional 120 shares during the last quarter. RDL Financial Inc. lifted its holdings in shares of Valero Energy by 0.6% in the 1st quarter. RDL Financial Inc. now owns 24,114 shares of the oil and gas company’s stock valued at $2,046,000 after acquiring an additional 133 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in shares of Valero Energy by 2.4% in the 4th quarter. Impax Asset Management Group plc now owns 5,865 shares of the oil and gas company’s stock valued at $440,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 78.48% of the company’s stock.
VLO has been the subject of a number of analyst reports. Wolfe Research raised shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. Argus set a $110.00 price target on shares of Valero Energy and gave the company a “buy” rating in a report on Tuesday, February 5th. Macquarie raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target for the company in a report on Friday, January 18th. Credit Suisse Group reissued an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. Finally, Goldman Sachs Group raised shares of Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $107.82.
In other Valero Energy news, Director Stephen M. Waters acquired 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were bought at an average cost of $84.97 per share, with a total value of $42,485.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.
Shares of NYSE:VLO traded down $0.88 during trading on Friday, reaching $84.60. 808,339 shares of the company were exchanged, compared to its average volume of 3,933,973. The firm has a market cap of $35.23 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.43. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $126.98.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.38 billion. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. Valero Energy’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. Equities research analysts predict that Valero Energy Co. will post 6.6 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.26%. The ex-dividend date is Tuesday, May 14th. Valero Energy’s payout ratio is 48.85%.
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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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