Foster Victor Wealth Advisors LLC increased its position in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,402 shares of the oil and gas company's stock after acquiring an additional 5,393 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Valero Energy were worth $14,581,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of Valero Energy during the fourth quarter valued at $29,000. OFI Invest Asset Management acquired a new position in shares of Valero Energy during the fourth quarter valued at $37,000. Creative Capital Management Investments LLC lifted its stake in Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock valued at $41,000 after buying an additional 183 shares during the period. Millstone Evans Group LLC acquired a new position in Valero Energy in the fourth quarter valued at about $44,000. Finally, SBI Securities Co. Ltd. acquired a new position in Valero Energy in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 78.69% of the company's stock.
Valero Energy Stock Up 0.4%
NYSE:VLO opened at $134.04 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $41.98 billion, a PE ratio of 15.81, a PEG ratio of 2.93 and a beta of 0.99. Valero Energy Co. has a 52-week low of $99.00 and a 52-week high of $167.78. The stock has a 50-day simple moving average of $122.26 and a 200 day simple moving average of $127.48.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The firm's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.82 earnings per share. On average, sell-side analysts expect that Valero Energy Co. will post 7.92 EPS for the current fiscal year.
Valero Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.37%. Valero Energy's payout ratio is presently 159.72%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on VLO. Barclays increased their target price on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Raymond James cut their target price on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. TD Cowen cut their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Finally, UBS Group cut their target price on Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $151.93.
Get Our Latest Stock Analysis on VLO
About Valero Energy
(
Free Report)
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.
Further Reading
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