Thomasville National Bank boosted its position in Valero Energy Co. (NYSE:VLO) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,654 shares of the oil and gas company’s stock after purchasing an additional 1,110 shares during the period. Thomasville National Bank’s holdings in Valero Energy were worth $2,027,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Valero Energy by 4.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,541 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 113 shares during the last quarter. Investors Research Corp increased its position in shares of Valero Energy by 4.4% during the third quarter. Investors Research Corp now owns 2,730 shares of the oil and gas company’s stock worth $233,000 after buying an additional 116 shares during the period. Liberty Wealth Management LLC raised its stake in Valero Energy by 18.4% during the third quarter. Liberty Wealth Management LLC now owns 754 shares of the oil and gas company’s stock worth $64,000 after buying an additional 117 shares during the last quarter. Adirondack Trust Co. raised its stake in Valero Energy by 27.1% during the third quarter. Adirondack Trust Co. now owns 610 shares of the oil and gas company’s stock worth $52,000 after buying an additional 130 shares during the last quarter. Finally, Smithfield Trust Co. raised its stake in Valero Energy by 7.0% during the third quarter. Smithfield Trust Co. now owns 2,114 shares of the oil and gas company’s stock worth $181,000 after buying an additional 139 shares during the last quarter. 75.64% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on VLO. Goldman Sachs Group set a $104.00 price target on Valero Energy and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Co upped their target price on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Finally, Morgan Stanley lifted their target price on Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. Valero Energy currently has a consensus rating of “Buy” and a consensus price target of $100.03.
NYSE:VLO traded up $0.87 during trading hours on Tuesday, reaching $92.40. The company had a trading volume of 1,716,075 shares, compared to its average volume of 2,471,629. Valero Energy Co. has a twelve month low of $69.44 and a twelve month high of $101.99. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. The firm has a market cap of $37.58 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.18 and a beta of 1.46. The business’s 50-day simple moving average is $94.82 and its two-hundred day simple moving average is $87.54.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The company had revenue of $27.25 billion for the quarter, compared to analysts’ expectations of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.01 EPS. As a group, equities analysts predict that Valero Energy Co. will post 4.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Tuesday, November 19th. Valero Energy’s payout ratio is 48.85%.
In related news, CEO Joseph W. Gorder sold 21,400 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.57, for a total value of $2,045,198.00. Following the transaction, the chief executive officer now directly owns 424,917 shares in the company, valued at approximately $40,609,317.69. The sale was disclosed in a document filed with the SEC, which is available through . 0.38% of the stock is owned by corporate insiders.
About Valero Energy
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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